Amazon shares fell nearly 2% after being sued by the Federal Trade Commission and 22 state attorneys general, who allege the e-commerce giant engaged in deceptive and unfair practices in its advertising business. Jim Cramer, host of CNBC’s Investing Club, advised against selling the stock, comparing the case to the Justice Department’s lawsuit against Google, which he said went nowhere. He stated that anyone selling Amazon shares over this news would be « not being historical, but hysterical. » Amazon responded by calling the lawsuit « misguided, » asserting it offers the lowest daily prices on a wide selection of products.
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