Amazon Pays $2.5B to Settle FTC Prime Subscription Case

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4 days ago

Above: An Amazon Prime truck in New York. Image copyright: Erik McGregor/LightRocket via Getty Images

story last updated 4 days ago

The Spin

This is a monumental victory for American consumers who were trapped in deceptive Prime subscriptions. The FTC secured the second-largest settlement in its history, putting billions back into Americans' pockets while forcing Amazon to end its unlawful enrollment practices. This record-breaking enforcement action proves the system works when agencies hold Big Tech accountable.

Breitbart New York Post

This settlement is a drop in the bucket for Amazon, representing barely 0.1% of its $2.4 trillion market cap while letting executives escape accountability. Amazon founder Jeff Bezos can make up this amount in weeks. Amazon should've faced a jury trial that would have exposed the full extent of its deceptive practices to the public and likely resulted in harsher penalties.

Common Dreams

Robert Reich on X

Metaculus Prediction

There's a 3% chance that Bezos will hold major political office in the United States before February 2033, according to the Metaculus prediction community.