Amazon to pay $2.5 billion to settle Prime deception allegations
Reuters09-25
<a href="https://laohu8.com/S/AMZN">Amazon</a> to pay $2.5 billion to settle Prime deception allegationsWASHINGTON, Sept 25 (Reuters) - Amazon.com AMZN.O will pay $2.5 billion in fines and redress to Prime subscribers to settle the U.S. Federal Trade Commission's case alleging the retail juggernaut signed users up for the subscription without their consent and made it difficult to cancel, the FTC said on Thursday.
Of that, $1.5 billion will go into a fund to repay eligible Prime subscribers, the FTC said.
(Reporting by Jody Godoy)
((Chris.Sanders@thomsonreuters.com; +1 202-558-8254; Reuters Messaging: chris.sanders.reuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
