We're hearing from Amazon now, I believe. Mack. Yeah, we just heard from Amazon on that$ two and a half billion dollar settlement deal that they just signed with the Federal Trade Commission this morning.The company saying, quote, "Amazon and our executives have always followed the law, and this settlement allows us to move forward and focus on innovating for our customers, adding that they're working hard to make it clear and simple for those customers to both sign up or cancel their Prime membership." Now ...

We're also tracking news out of the Federal Trade Commission, which says Amazon has agreed to pay $2.5% billion dollars to settle a lawsuit over what the FDC says were deceptive methods to sign people up for Prime subscriptions and make it difficult for them to cancel. Christine Romans is here. And Christine, the settlement comes as a bit of a surprise.>> Yeah, Tom, you know, opening arguments were just this past Tuesday in a case filed against Amazon during the Biden administration. But in that surprise mo ...

Amazon and the FTC have reached a settlement of $2.5% billion over claims the retail giant tricked users into purchasing Prime memberships. The lawsuit was actually filed back in 2023 under the Biden administration with the trial lasting just 3 days. CNBC senior markets correspondent Dom Chu joins us with more.Dom, what exactly were the terms of that agreement. This agreement includes a billion dollar in actual penalties and $1.5% billion in payouts to customers. That translates into roughly $51 for each pe ...

And we're following some breaking news. The FTC says Amazon has agreed to pay a historic multi-billion dollar lawsuit for tricking people into signing up for Prime accounts and then making it hard to cancel. I want to bring in NBC business and data correspondent Brian Chung.This is a lot of money. >> Yeah, this is a big deal. Although, of course, Amazon is a huge company.But just to kind of unpack exactly what's going on here, the FTC saying that it has a settlement with Amazon regarding the way that they w ...

Amazon has reached a $2.5 billion settlement with the Federal Trade Commission over allegations it misled Prime users, the largest civil penalty in FTC history https://t.co/HmSmmCOTkM ...

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