Amazon Agrees to Record $2.5 Billion FTC Settlement Over Prime Practices
New York — Amazon will pay a record-breaking $2.5 billion settlement to the U.S. Federal Trade Commission (FTC), ending a two-year legal battle over allegations that the company tricked consumers into enrolling in its Prime subscription service and then made cancellations deliberately difficult. The agreement, announced Thursday, includes a $1 billion civil penalty and $1.5…