E659: FTC Accuses Amazon of Billion Dollar Ad Scheme Since 2019

Amazon is being sued by the FTC and 22 states across the entire US, alleging that Amazon has purposefully deceived third-party sellers regarding how their advertising auction system works. In this episode, Dave goes through the court fillings and press release by the FTC. As a seller, you should be very upset.  Timestamps  00:00 - Introduction 02:14 - Details of the FTC's allegations 06:02 - How Amazon's auction system has deceived sellers  12:13 - Internal documents from Amazon  16:04 - Potential impact  19:56 - What this means for Amazon 21:52 - Implications for Amazon sellers