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FTC sues Amazon for increasing prices at advertising auctions, 22 states follow up with claims of more than $20 billion
Tech

FTC sues Amazon for increasing prices at advertising auctions, 22 states follow up with claims of more than $20 billion

The FTC and 22 states accused Amazon of concealing a price increase mechanism in advertising auctions since 2019, allowing advertisers to overpay without their knowledge. The cumulative amount may exceed US$20 billion. Amazon refutes the accusation as "without evidence."

$100M to Keep a Rival Out for Nine Years: Zillow Settles With FTC, Redfin Apartment Listings Set to Return
Tech

$100M to Keep a Rival Out for Nine Years: Zillow Settles With FTC, Redfin Apartment Listings Set to Return

Zillow was accused of offering Redfin $100 million to stay out of the apartment listings market for nine years. Now the company has reached an antitrust settlement with the Federal Trade Commission, requiring Redfin's listings to return and Zillow to let customers renegotiate contracts penalty-free.