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In September, the Federal Trade Commission (FTC) reached a $2.5 billion settlement with Amazon over its “deceptive” Prime subscription tactics. Of that total, $1.5 billion will go to consumers, with payouts beginning soon.
“The evidence showed that Amazon used sophisticated subscription traps designed to manipulate consumers into enrolling in Prime, and then made it exceedingly hard for consumers to end their subscription,” FTC Chairman Andrew N. Ferguson said in announcing the…
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In September, the Federal Trade Commission (FTC) reached a $2.5 billion settlement with Amazon over its “deceptive” Prime subscription tactics. Of that total, $1.5 billion will go to consumers, with payouts beginning soon.
“The evidence showed that Amazon used sophisticated subscription traps designed to manipulate consumers into enrolling in Prime, and then made it exceedingly hard for consumers to end their subscription,” FTC Chairman Andrew N. Ferguson said in announcing the…
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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