theSIGNAL TECHNOLOGY
2 September 2026
"A market is only as honest as the rules its most powerful player agrees to follow."
Photo: Albert Stoynov / Unsplash
An Amazon data centre facility, where the company's vast advertising infrastructure quietly operates.
💰
$56bn
Amazon's advertising revenue in 2024
Discuss
  • How does a secret price-substitution scheme differ from ordinary, legal price-setting by a platform?
  • Why might advertisers in countries such as Brazil or Japan find it especially difficult to challenge Amazon's pricing practices?
Technology

FTC Accuses Amazon of Rigging Its Own Ad Auction

America's trade regulator claims Amazon secretly replaced real auction outcomes with artificially inflated prices, costing advertisers billions in overcharges.

On a typical Tuesday morning, a small business owner in Lagos or Lyon logs into an advertising dashboard, studies what appears to be a fair, competitive price for a sponsored listing, and pays it without question. According to the United States Federal Trade Commission, that price may have been a fiction — one quietly engineered by Amazon itself. The FTC has filed a complaint alleging that Amazon manipulated its own advertising auction system in a scheme regulators are calling "Project Nessus." The core accusation is striking in its simplicity: when Amazon's internal auction produced a winning bid, the company allegedly did not honour that result.

Instead, it is claimed to have substituted a higher price of its own choosing — one that bore little relationship to what advertisers had actually competed for. The auction, in other words, was said to be a performance staged for sellers while Amazon collected the difference. The implications reach well beyond American shores. Amazon's advertising business, which generated roughly $56 billion in revenue in 2024, serves merchants in dozens of countries — from Germany to Japan to Brazil — who rely on the assumption that programmatic auctions are neutral.

If regulators are able to prove their case, it would suggest that one of the world's most trusted commercial infrastructures was, in effect, a toll booth with a hidden surcharge. The FTC argues that this practice amounts to an unfair method of competition, violating federal law. Amazon has disputed the allegations, and the case will now move through the courts.

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Amazon manipulated its own advertising auction system in a scheme that substituted higher prices of its own choosing for the results that advertisers had actually competed for.
Federal Trade Commission, official complaint filing
Technology

Cook's Green Legacy Meets an AI Reckoning

When Tim Cook steps down as Apple's CEO, he leaves behind a carbon footprint that has been cut by 60 percent since 2015 — a record that most tech rivals cannot match. Google and Microsoft have both seen emissions rise sharply as their AI energy demands grow. Apple reported 15.3 million metric tons of gross carbon dioxide emissions in 2025, a figure that held flat even as the company expanded. Analysts note that flat is increasingly hard to achieve in an industry where generative AI is pushing energy consumption upward at every competitor. Yet the company has also faced accusations of misleading customers with sustainability claims, and its remaining 15-percent target must now be pursued inside an AI arms race it cannot afford to lose.…
  • Can a tech company genuinely commit to climate goals while competing in AI?
Technology

Apple's New CEO Inherits a Crowded Moment

On September 1, 2026, John Ternus officially became Apple's chief executive, ending Tim Cook's fifteen-year tenure at the company's helm. Ternus, who previously led Hardware Engineering, steps into the role just days before Apple's annual iPhone event on September 9. That event is widely expected to unveil the company's first foldable iPhone alongside a significantly upgraded Siri — a direct challenge to AI rivals such as OpenAI's ChatGPT and Anthropic's Claude.…
  • Can a hardware expert lead Apple to win the AI race against OpenAI?
AMERICAS · Technology
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WORLD · Technology
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theSIGNAL IN THE LAB
1VOCABULARY
programmatictoll booth
surchargetenurecarbon footprint
generative AIallegations
2GRAMMAR FOCUS
Causative have/get — have something done
Use 'have/get + object + past participle' to describe an action that someone arranges for another person to do on their behalf. For example: 'The company had its accounts audited' means the company arranged for someone else to audit them.
audited · reviewed · verified · certified · investigated · generated · published
  1. According to the FTC, advertisers believed they were operating in a fair market, but Amazon never had the auction results independently .
  2. Before the case reaches court, the FTC will need to have all the pricing data thoroughly .
  3. Apple had its carbon emissions officially by an independent body before releasing its 2025 sustainability report.
  4. Many small business owners in Lagos and Lyon should consider having their advertising costs carefully by a specialist.
  5. Tim Cook had Apple's environmental progress in annual reports throughout his fifteen-year tenure.
  6. If Amazon had had the auction system by regulators earlier, the alleged manipulation might have been detected sooner.
3COLLOCATIONS
Match the verb on the left with the noun phrase it best collocates with on the right.
  1. file
  2. honour
  3. generate
  4. dispute
  5. cut
4CRITICAL THINKING
The FTC complaint compares Amazon's advertising infrastructure to 'a toll booth with a hidden surcharge.' To what extent is this analogy useful, and where does it break down — particularly when considering that advertisers are not a captive audience in the same way road users are?
5CREATIVE · HEADLINES
Write a headline for the top story in each of the following styles. One line each, no explanation:
  • TABLOID NEWSPAPER
  • LUXURY MAGAZINE
  • ACTIVIST BLOG
6WRITING
Tim Cook's environmental record is described as something he built over fifteen years, yet analysts suggest he may be leaving at 'precisely the right moment.' Write a short opinion piece arguing whether his legacy should be judged on what he achieved or on what he chose not to face.
7DEGREES OF EXTREMITY
Complete each ladder from mild to strong.
  • questioned
  • adjusted
  • concern
  • relied on
  • misleading
  • reduced
8SPEAKING
  1. What does Cook's 60-percent emissions cut reveal about corporate leadership priorities?
  2. Should regulators treat digital auction systems as public infrastructure?
  3. How might Project Nessus affect trust in other platform-run marketplaces globally?
  4. Does Ternus inheriting a crisis make his job harder or clearer?