Amazon Prime customers may have been deceived

And now the company has to pay up.

Transcript

00:00All your money going to Amazon these days?

00:02Well, this time, Amazon might be paying you.

00:05The world's biggest online retailer has agreed to a $2.5 billion settlement with the Federal Trade Commission,

00:11which says Amazon used deceptive tactics to get people to sign up for Prime.

00:15Here's the breakdown.

00:17$1 billion goes to the government.

00:19$1.5 billion will be paid out to Prime customers.

00:22Who qualifies?

00:23People who signed up between June of 2019 and June of 2025 through certain offers

00:28and then barely used Prime.

00:30They'll automatically get $51 back.

00:33The find sounds big, but for Amazon, it's pocket change.

00:37The company pulled in nearly $170 billion in overall sales last quarter.

00:41That means it can make back $2.5 billion in about a day and a half.

00:46So while Prime customers may see a refund, Amazon won't exactly feel the pinch.

00:52That'll do it for your Daily Briefing from the New York Stock Exchange.

00:54I'm Caroline Woods with The Street.

00:58I'm Caroline Woods with The Street.

01:00I'm Caroline Woods with The Street.

01:01I'm Caroline Woods with The Street.

01:02I'm Caroline Woods with The Street.

01:03I'm Caroline Woods with The Street.

01:04I'm Caroline Woods with The Street.

01:05I'm Caroline Woods with The Street.

01:06I'm Caroline Woods with The Street.

01:07I'm Caroline Woods with The Street.

01:08I'm Caroline Woods with The Street.

01:09I'm Caroline Woods with The Street.

01:10I'm Caroline Woods with The Street.

01:11I'm Caroline Woods with The Street.

01:12I'm Caroline Woods with The Street.

01:13I'm Caroline Woods with The Street.

01:14I'm Caroline Woods with The Street.

01:15I'm Caroline Woods with The Street.

01:16I'm Caroline Woods with The Street.

01:17I'm Caroline Woods with The Street.

01:18I'm Caroline Woods with The Street.

01:19I'm Caroline Woods with The Street.