Amazon Settles FTC Prime Lawsuit for $2.5 Billion

Amazon has settled a Federal Trade Commission lawsuit for $2.5 billion, addressing claims that it misled millions into subscribing to Prime and complicated the cancellation process. The settlement includes a $1 billion civil penalty and $1.5 billion in refunds to approximately 35 million affected customers, while requiring Amazon to revise its signup and cancellation practices for Prime memberships.

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