FTC reportedly suing Amazon over ad practices, shares fall

The FTC and 22 state attorneys general have filed a lawsuit against Amazon regarding its digital advertising auction pricing. The legal action alleges that Amazon utilized a secret ad surcharge scheme to deceive users and unfairly inflate prices within its online search advertising auctions. Following reports of the lawsuit and these allegations of deceptive practices, Amazon shares experienced a decline. The suit focuses on the concealment of unfair charges within the company's advertising infrastructure.