General · 9 hours ago
Amazon accused of rigging ad auctions to secretly overcharge advertisers billions
America's consumer watchdog and 22 states are suing Amazon, claiming it secretly overcharged over a million ad customers since 2019. The lawsuit says Amazon replaced auction results with higher prices, netting about $20 billion, which it denies. Amazon shares fell 2.5% after the lawsuit was announced on Monday.
Reported by BBC · How we write briefs