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Amazon Boosted Junk Ads, Deleted Messages to Thwart Antitrust Probe, FTC Says - Vimarsana News

Amazon Boosted Junk Ads, Deleted Messages to Thwart Antitrust Probe, FTC Says

(Bloomberg) -- Amazon.com Inc. doubled the number of junk ads to boost profits and deleted internal communications to thwart a federal antitrust probe, according to fresh details released by the US Federal Trade Commission in a less redacted complaint against the online retail giant Thursday. Most Read from BloombergBankman-Fried Found Guilty of Fraud at FTX Criminal TrialIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaS&P 500 Rises Almost 2%; Apple Down in Late Hours: M

Source: yahoo.com
Amazon earns $1 billion in secret price-gouging scheme -US FTC - Vimarsana News

Amazon earns $1 billion in secret price-gouging scheme -US FTC

WASHINGTON, Nov 2 (Reuters) - Amazon.com ( AMZN.O ) used a series of illegal tactics to boost profits at its online retail business, including an

Amazon deleted over two years of communication during investigation, FTC says - Vimarsana News

Amazon deleted over two years of communication during investigation, FTC says

The lawsuit alleges the company destroyed more than two years worth of internal communications from June 2019 to at least early 2022

Source: king5.com
FTC says Amazon used an algorithm to raise prices on other sites - Vimarsana News

FTC says Amazon used an algorithm to raise prices on other sites

The antitrust case is the most aggressive move the government has taken to tame the market power of Seattle-based Amazon.

Source: 10news.com
Amazon punished its own sellers to limit Walmart's reach, FTC says - Vimarsana News

Amazon punished its own sellers to limit Walmart's reach, FTC says

Amazon.com Inc punished its own sellers to limit Walmart's reach as Walmart got into e-commerce, according to the Federal Trade Commission . In addition to making $1 billion by using a...