Amazon reaches $2.5 billion settlement with FTC over 'deceptive' Prime program

Core Points - Amazon will pay $2.5 billion to settle allegations from the Federal Trade Commission (FTC) regarding misleading Prime membership practices [1][2] - The lawsuit claimed that Amazon deceived millions of customers into signing up for Prime and hindered their cancellation attempts [1][2] Settlement Details - The settlement prohibits Amazon from misrepresenting the terms of the Prime program [3] - Amazon is required to provide clear disclosures about the terms during enrollment and obtain express consent before charging for subscriptions [3] - The company must also ensure an easy cancellation process for users [3]