Amazon cuts $2.5B settlement with FTC over allegedly trapping customers in Prime subscriptions
1. Amazon to pay $2.5 billion over FTC subscription practices. 2. 35 million consumers affected by Amazon's alleged deceptive practices. 3. Settlement includes $1 billion penalty and $1.5 billion in refunds. 4. FTC emphasizes Amazon's manipulative tactics for Prime subscriptions. 5. Amazon did not admit wrongdoing but changes are being implemented.