The Auction House That Ripped Off Its Own Customers The news that Amazon has been secretly inflating auction prices for its advertising customers is a stark reminder of the darker side of the online marketplace.
For years, the company touted itself as a champion of competition and fairness, but behind closed doors, it was cooking the books to pad its own profits.
At the heart of the Federal Trade Commission's (FTC) lawsuit against Amazon lies a deceptively simple issue: how do you set prices for advertising on an online platform?