Washington: 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 on Thursday.

While a win for consumers and the FTC, the settlement is relatively painless for Amazon: the company takes in around $2.5 billion in sales every 33 hours. Shares of Amazon were nearly unchanged after the news.

Around 35 million Prime customers will be eligible for payout from a $1.5 billion fund, the FTC said. Amazon will pay $1 billion in fines to the FTC. The company did not admit wrongdoing as part of the settlement. Show Full Article

Customers who signed up for Prime between June 23, 2019 and June 23, 2025 through certain offers — and who used few Prime b

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