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Amazon Ad Scandal Under Fire | Jersey City News

Amazon Ad Scandal Under Fire | Jersey City News

Published 1 day, 19 hours ago
Description

Amazon is under fire from 21 states and the FTC over allegations it rigged its ad pricing system for years, overcharging more than 500,000 businesses by over $20 billion. Accused of inflating ad costs through secret surcharges and fake bidders to boost profits, the company claims regulators are misreading outdated materials. The FTC calls the impact staggering, warning consumer prices likely absorbed the extra costs, and vows to hold Amazon accountable.

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