Amazon's stock rises 1.55% amid FTC lawsuit over alleged deceptive advertising practices

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In the past 24 hours, Amazon's stock price increased by 1.55%, closing at $258.90. This uptick occurred despite the Federal Trade Commission (FTC) and 22 states filing a lawsuit against Amazon, alleging deceptive advertising practices that overcharged over 1.2 million advertisers by inflating auction prices. Amazon has denied the allegations, calling the lawsuit 'misguided.'

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