Amazon Pays $2.5B in Settlement with FTC Over Prime Use
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4 Articles
Amazon’s ‘Hidden Ball Trick’ Penalty To Cost ‘Godzilla” Up To $2.5 Billion - Food Trade News & Food World
Lina Khan was right. While the former Federal Trade Commission (FTC) chairperson couldn’t have been more wrong when she attempted to block the proposed merger of Kroger and Albertsons (by using flawed competitive market share data), her suit against Amazon over “Godzilla’s” questionable tactics for signing customers for “Prime” memberships and then making it even more difficult to cancel them will cost the Seattle-based juggernaut up to $2.5 bil…
Amazon Pays $2.5B in Settlement with FTC Over Prime Use
Amazon settles with the FTC for $2.5 billion over deceptive Prime membership practices involving "dark patterns" and difficult cancellation processes, with $1.5 billion allocated for consumer refunds. The settlement addresses claims of FTC Act and ROSCA violations.
Amazon Prime Settlement With FTC Results in $2.5B Penalty
FTC has secured the largest civil penalty in its history, after finding Amazon violated federal consumer protection rules. Amazon has been ordered to pay a $1 billion civil penalty and provide $1.5 billion in refunds to customers who were allegedly enrolled in its Prime membership program without consent. According to a settlement order (PDF) reached between …
Amazon will pay a record $2.5 billion in the US. The regulator accused the company of deceptive practices in signing up for its Prime service and making it difficult for customers to cancel it.
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