Topline
The Federal Trade Commission filed a major lawsuit against Amazon on Monday, accusing the e-commerce giant of using deceptive prices for advertisers.
The Amazon logo is displayed on a sign outside of a distribution center on May 3, 2025 in San Diego, California.
Photo by Kevin Carter/Getty Images
Key Facts
The lawsuit, which was first reported by the Wall Street Journal, alleges Amazon secretly raised the minimum price advertisers had to pay to place ads for their products.
The lawsuit involves over 20 state attorney generals and covers a seven-year window in which Amazon generated tens of billions of dollars.
Amazon shares tumbled after the report was published and were down nearly 3% at 3 p.m. EDT, falling around the $258 mark.
Big Number
Over $20 billion. That is how much money the FTC has accused Amazon of illegally gaining from “unwitting advertising customers.”
What States Are Involved In The Lawsuit?
Attorneys general from Alaska, Arizona, California, Colorado, Florida, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Nebraska, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Vermont, and Washington have joined the lawsuit.
This is a developing story. Check back for updates.
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