Amazon to Pay $2.5 Billion Over Prime Subscriptions
Amazon.com Inc. has agreed to pay a $2.5 billion settlement to the US Federal Trade Commission (FTC) over allegations related to its Prime subscription service. The settlement includes penalties and refunds for customers. The FTC claimed that Amazon made it difficult for customers to cancel their Prime subscriptions, violating consumer protection laws. As part of the settlement, Amazon has agreed to make changes to its subscription cancellation process to make it easier for customers to opt-out. The $2.5 billion settlement is one of the largest in the FTC's history and underscores the agency's ongoing efforts to hold tech companies accountable for their practices. The case highlights the importance of transparency and fairness in subscription-based business models, particularly for services that have become ubiquitous in the lives of consumers.
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