U.S. Federal Trade Commission (FTC)

Amazon to Pay $2.5 Billion In Landmark FTC Prime Settlement

Amazon To Pay $2.5 Billion In Landmark FTC Prime Settlement

Amazon agrees to pay $2.5bn settlement after U.S. regulators accused it of deceiving millions into Prime subscriptions and making cancellations difficult.

Amazon has agreed to a record $2.5 billion settlement with the U.S. Federal Trade Commission (FTC), resolving a major legal battle over claims that the company misled millions of customers into subscribing to its Prime service and made the cancellation process unnecessarily difficult.

The settlement, announced Thursday, ends a two-year dispute between Amazon and federal regulators. Under the agreement, the company will pay a $1 billion civil penalty and provide $1.5 billion in refunds to about 35 million consumers …