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Chris Remington ( remington@beehaw.org ) MA to Technology · 1 year ago

Amazon to pay $2.5 billion to settle FTC allegations it duped customers into enrolling in Prime

apnews.com

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Amazon to pay $2.5 billion to settle FTC allegations it duped customers into enrolling in Prime

apnews.com

Chris Remington ( remington@beehaw.org ) MA to Technology · 1 year ago
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Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission which said the online giant tricked customers into signing up for its Prime memberships, and made it difficult to cancel after they did so.
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  • sgibson5150 ( sgibson5150@lemmy.dbzer0.com ) 
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    1 year ago

    According to Yahoo finance, Amazon had $638 billion in revenue for 2024. The settlement amount of $2.5 billion is about 1/250 of that revenue. It’s like if a person making $100k a year got a $400 fine. Truly a devastating blow. Will Amazon recover? 🙄

  • Inevitable Waffles [Ohio] ( InevitableWaffles@midwest.social ) 
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    1 year ago

    Just based in the ballpark numbers from another on of these articles I saw today, it works out to like 40 some bucks a person. Just absolute garbage.

    • Midnitte ( Midnitte@beehaw.org ) 
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      1 year ago

      Fines are just the price of doing business.

  • dmtalon ( dmtalon@infosec.pub ) 
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    1 year ago

    I’ll be waiting by the mail for my piece of that pie.

  • elgordino ( elgordino@fedia.io ) 
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    1 year ago

    At this point ordering from AliExpreas is a better experience than Amazon.

    • Uninvited Guest ( uninvitedguest@lemmy.ca ) 
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      1 year ago

      It absolutely is, and the shipping times are no longer a gamble of 3 weeks to 4 months. They’re all pretty quick.

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