Amazon is Paying 2.5 Billion Dollars (2.1 Billion Euros) in A Settlement with the US Regulator FTC. They accused the company of misleading Millions of Users When Taking Out Prime Subscriptions.
Crucial Information About the Price and Automatic Renewal of Prime Was of Hidden or Only Mentioned in Small Print, Accordination to the FTC. It would also have bone difficult for customer to cancel the subscription.
Of the amount, 1.5 Billion Dollars Will Be Used to Reimburs Eligible Prime Subscribers. It is Estimated to Involve Tens of Millions of Customers.
Amazon does not admit guilt in the Settlement. However, The Company Promises to Add a “Clear and Prominent” Button That Makes It Easier for Customers to Refuse or Cancel A Subscription.
Accordance to Former FTC Chairman Lina Khan, Amazon is getting off lightly with the settlement. In this way, the company can “buy itsself out” and saves itself from a “likely conviction for violating the law”. Accordance to her, the amount does not mean much to the company and is a “Considerable Relief for the Executives who knowingly harmed their customs”.
The Case Against Amazon was Filed Two Years ago and Started a Few Days ago.