Amazon Will Pay $2.5 Billion In FTC Lawsuit —One Of The Largest Settlements In History

Amazon.com, Inc. (NASDAQ: AMZN) has agreed to a $2.5 billion settlement over accusations that it misled millions into joining its Prime subscription and then made canceling difficult.

AMZN stock is moving. See all the details here.

The deal, announced on Thursday, stemmed from a 2023 Federal Trade Commission lawsuit that challenged Amazon's treatment of shoppers and its self-proclaimed role as a consumer-focused company, according to The New York Times.

Settlement Details

The agreement includes $1 billion in fines and $1.5 billion in compensation for customers, with eligible users expected to receive approximately $51 each.

The FTC called it one of its largest settlements ever.

Amazon did not admit liability, but also did not contest the claims.

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Amazon Will Pay $2.5 Billion In FTC Lawsuit —One Of The Largest Settlements In History

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