Updates to the Amazon lawsuit include new information that had previously been redacted.
The Federal Trade Commission (FTC) and 22 U.S. States filed an updated version of their complaint against Amazon ad auction-rigging. The original lawsuit was filed in August, and alleged that Amazon was harming advertisers on its platform by secretly and substantially increasing the prices of ads on its platforms. The updated complaint includes details that had previously been redacted. Amazon has allegedly charged tens of billions of dollars to advertising customers through its ad auction-rigging scheme.
FTC Chairman Andrew Ferguson stated, “When one of the world’s largest online retailers engages in unfair and deceptive conduct, the impact can be staggering. Amazon has millions of advertising customers who were misled into paying significantly higher prices. These higher costs were largely passed on to American consumers.”
The case is being heard in the U.S. District Court for the Western District of Washington.
As the Lord Leads, Pray with Us…
- For Chairman Ferguson as he heads the FTC in its efforts to protect American consumers.
- For the 22 states’ attorneys general who are participating in the lawsuit.
Sources: Federal Trade Commission
