Ftc

The US Federal Trade Commission has filed a lawsuit against Amazon, accusing the e-commerce giant of systematically overcharging advertisers. The regulator claims that auction manipulation generated $20 billion in illicit gains.

The online fashion giant Shein is under investigation by the US Federal Trade Commission (FTC) and could face heavy fines. The company disclosed the investigation in documents filed for its planned IPO in Hong Kong, noting that the outcome could significantly impact its financial position.