Amazon Will Cough Up $2.5 Billion for 'Tricking' People Into Amazon Prime Subscriptions

On Monday, the Federal Trade Commission's lawsuit against Amazon began what was expected to be a lengthy trial. By Thursday, Amazon agreed to a whopping $2.5 billion settlement for misleading customers who signed up for Amazon Prime.The FTC said $1.5 billion will go into a fund to repay eligible subscribers, with the remaining $1 billion collected as a civil penalty. The settlement requires Amazon to add a "clear and conspicuous" option to decline Prime during checkout and to simplify the cancellation proce ...