FTC lawsuit alleges Amazon has been ‘secretly and systematically’ overcharging for ads.

” According to the complaint, Amazon violated the FTC Act and over a dozen state laws.
In Amazon’s “second price” auctions for ads on its platform, the winning bidder is supposed to only pay one cent more tha …
Read the full story at The Verge. FTC chairman Andrew Ferguson claims in a blog post on the lawsuit that the higher advertising prices “were largely passed on to American consumers. This lawsuit comes almost a year after Amazon agreed to pay $2. .