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.
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? 🙄
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? 🙄