tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Amazon doubled junk ads, deleted messages to thwart probe, Bloomberg says

According to new details released by the U.S. Federal Trade Commission, FTC, Amazon doubled its junk ads to boost profits and deleted internal communications to thwart a probe, Leah Nylen and Matt Day of Bloomberg reports. Founder and former CEO Jeff Bezos ordered executives to accept more ads, even ones labeled “defects,” according to the new version of the complaint. The FTC further alleges Amazon’s increased ads use boosted profits while harming sellers and consumers by making it more difficult for shoppers to find the product they were originally searching for.

Meet Your ETF AI Analyst

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on AMZN:

Disclaimer & DisclosureReport an Issue

1