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Amazon Drops as FTC Files Massive Ad Antitrust Lawsuit Seeking Billions

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The Story

News Summary

  • Amazon faces selling pressure following a major FTC and multi-state antitrust lawsuit alleging manipulation of advertising prices, potentially seeking tens of billions in damages.
  • Despite ongoing regulatory headwinds, Wall Street analysts maintain bullish long-term outlooks, citing accelerating AWS cloud demand, substantial AI investments, and strong retail ad growth.
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AMZN price history

253.54 +10.39% over the displayed period

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