Amazon to pay $2.5 billion to settle FTC lawsuit over Prime subscription; two executives prohibited from…
Amazon will pay $2.5 billion to settle FTC allegations of misleading customers into Prime subscriptions and complicating cancellations. The settlement includes a $1 billion penalty and $1.5 billion in customer refunds. The FTC alleged Amazon's practices violated consumer protection laws, with internal descriptions calling the issue an 'unspoken cancer'.
Amazon will pay $2.5 billion to settle FTC allegations of misleading customers into Prime subscriptions and complicating cancellations. The settlement includes a $1 billion penalty and $1.5 billion in customer refunds. The FTC alleged Amazon's practices violated consumer protection laws, with internal descriptions calling the issue an 'unspoken cancer'.
