Brief by Shorts91 Newsdesk / 10:38am on 01 Sep 2026,Tuesday Business
Amazon has been accused of overcharging more than one million advertisers by manipulating online ad auctions. The US Federal Trade Commission and 22 states filed a lawsuit against the company. The lawsuit claims Amazon made around $20 billion from the alleged practice since 2019. It says advertisers were charged higher prices than expected for some ads. The complaint also claims the extra costs may have been passed on to consumers. Amazon strongly denied the allegations and called the lawsuit misguided. The company said advertisers adjust their bids based on performance. Amazon shares fell 2.5% after the lawsuit was announced.
