Amazon to pay $2.5 billion to settle FTC allegations it duped customers into enrolling in Prime
Summary
Amazon agreed to pay $2.5 billion to settle with the Federal Trade Commission (FTC) over accusations that it misled customers into enrolling in its Prime service. The FTC claimed that Amazon made it hard for people to cancel their Prime memberships. Despite the settlement, Amazon did not admit to any wrongdoing.Key Facts
- Amazon will pay $2.5 billion to settle allegations with the FTC.
- The FTC accused Amazon of tricking customers into signing up for Prime memberships.
- Amazon also allegedly made it difficult for customers to cancel Prime.
- The settlement includes $1 billion in civil penalties, the largest fine ever by the FTC.
- $1.5 billion from the settlement will go to consumers affected by the Prime enrollment practices.
- The trial began in Seattle and relates to a case filed two years earlier.
- Amazon did not admit to any wrongdoing in the settlement.
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