Amazon Faces FTC Trial Over Allegedly Deceptive Prime Subscription Tactics

Benzinga

Amazon is on trial after FTC lawyers accused it of enrolling millions into Prime without consent. The case could bring heavy fines, while Amazon denies wrongdoing and says its sign-up and cancellation terms were clear.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Amazon is facing trial after Federal Trade Commission attorneys accused the company of

00:06knowingly enrolling millions of customers into Prime without clear consent to preserve revenue,

00:11according to Reuters. The simple case was also a target of three executives who cost Amazon

00:15hundreds of millions of dollars in damages and fines up to $53,000 per violation. FTC lawyers

00:21argued Amazon-resistant simplifying sign-up and cancellation processes, calling its internal

00:26cancellation system, deliberately confusing. Amazon denied wrongdoing, saying terms were

00:30clearly disclosed, and canceling was straightforward, while accusing the FTC of exaggerating evidence.

00:36For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended