#美股收跌亚马逊遭FTC起诉
U.S. stocks fall as Amazon is sued by the FTC. Are e-commerce giants also getting hit with antitrust penalties?

Last night, the major U.S. stock indexes ended lower. Amazon shares dropped by about 2.5%, while crypto-related stocks moved higher instead—Coinbase and Strategy both surged.

This time, Amazon is not being sued over an ordinary consumer dispute. The target is its advertising business.
The FTC, together with 22 U.S. states, accused Amazon of secretly raising the minimum bid in its ad auction mechanism, forcing advertisers to spend more. Regulators estimate that advertisers could end up paying over $20 billion more as a result.

Many people think of Amazon only as a sales platform, but in fact, advertising has long been its core profit driver. In 2025, ad revenue reached $68.6 billion, making it a business of enormous scale.

In reality, the market had already been anticipating the antitrust lawsuit against Amazon for some time—it was a long-pending negative overhang hanging over investors’ heads. Now that the news has officially landed, it actually has a slightly “bad news already priced in” feel. Some funds had already pulled out earlier, so this drop was not as brutal as many expected.

With the broader U.S. market weakening and the crypto sector rising against the trend, it suggests that while some investors were seeking safety, others began positioning for the crypto industry.
But this is only a one-day market snapshot and should not be taken as a long-term signal.

#美股收跌亚马逊遭ftc起诉