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The Federal Trade Commission (FTC) has reached a $2.5 billion settlement with Amazon over its “deceptive” Prime subscription tactics.
Of the total penalty, $1.5 billion will go toward customer refunds for the the “millions” of people who were either enrolled in Prime without their consent, or that were unable to cancel their subscriptions, the FTC says.
The FTC first filed the complaint against Amazon in 2023, and as of two days ago it set to go to trial, where a jury would decide if…
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The Federal Trade Commission (FTC) has reached a $2.5 billion settlement with Amazon over its “deceptive” Prime subscription tactics.
Of the total penalty, $1.5 billion will go toward customer refunds for the the “millions” of people who were either enrolled in Prime without their consent, or that were unable to cancel their subscriptions, the FTC says.
The FTC first filed the complaint against Amazon in 2023, and as of two days ago it set to go to trial, where a jury would decide if…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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