Amazon to pay $2.5B in FTC settlement over ‘deceptive' Prime tactics
1. Amazon agrees to a $2.5 billion FTC lawsuit settlement over Prime practices. 2. Settlement includes a $1 billion fine and $1.5 billion in consumer refunds. 3. Amazon must improve subscription transparency and simplify cancellation processes. 4. This is one of the largest settlements in FTC history. 5. Amazon still faces additional legal challenges regarding competition practices.