Amazon has agreed to pay $2.5 billion to settle FTC allegations that the company “tricked and trapped” consumers into signing up for Prime memberships and hindered their attempts to cancel the subscription. FTC Chairman Andrew Ferguson said, “The Trump-Vance FTC is committed to fighting back when companies try to cheat ordinary Americans out of their hard-earned pay.”
CNBC reports that Amazon has reached a $2.5 billion settlement with the FTC over allegations that the company engaged in deceptive practices related to its Prime subscription program. The settlement, announced on Thursday, comes just three days into the trial between Amazon and the FTC in a Seattle federal court.
The FTC had filed its lawsuit against Amazon in June 2023, accusing the e-commerce giant of deceiving tens of millions
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