Amazon reaches $2.5 billion settlement with FTC over 'deceptive' Prime program
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YouTubeCNBC Television
Amazon reaches $2.5 billion settlement with FTC over 'deceptive' Prime program
Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that the company duped users into paying for Prime memberships, the regulatory agency announced Thursday. The surprise settlement comes as Amazon and the FTC were just three days into the trial in a Seattle federal court. Opening arguments took place on Tuesday.
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