Amazon.com will pay $2.5 billion in fines and reimbursements to Prime subscribers to settle the Federal Trade Commission's allegations that it deceived its customers to generate subscriptions, the FTC said.
Breakdown
- Amazon to pay $2.5 billion after settling with the FTC over Prime sign-up practices. 7s
- FTC alleged Amazon rejected changes for clearer sign-up and cancellation from 2017 to 2022. 19s
- Settlement includes $1 billion in fines and $1.5 billion in customer payouts. 48s
- Amazon will add a clear button to decline Prime subscriptions. 1m 18s
- Analysts say the settlement is unlikely to affect Prime's popularity. 1m 47s