Amazon secretly inflated ad prices, the FTC and 22 states allege in a lawsuit

The Federal Trade Commission and 22 state attorneys general filed a lawsuit against Amazon alleging the company inflated advertising prices for more than 1 million advertisers. Amazon said in a statement that the FTC's claim "fundamentally misunderstands" how its advertising system operates. The lawsuit was filed in federal court, though specific details about the pricing allegations and timeline were not provided in the available information.

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