Amazon comments on $2.5 billion settlement with FTC

Core Points - Amazon has reached a $2.5 billion settlement deal with the Federal Trade Commission (FTC) [1] - The settlement includes a $1 billion civil penalty and a $1.5 billion consumer fund to reimburse 35 million affected customers [2] Company Response - Amazon stated that it and its executives have always complied with the law and that this settlement allows the company to focus on innovation for its customers [2] - The company is working to simplify the process for customers to sign up or cancel their Prime membership [2]