FTC Files Lawsuit Against Amazon For Enrolling Consumers In Amazon Prime Without Consent Charges Amazon Duped Millions Of Consumers Into Unknowingly Enrolling In Amazon Prime; Says Amazon Sabotaged Consumers Attempts To Cancel Amazon Prime
Portfolio Pulse from Happy Mohamed
The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, accusing the company of enrolling millions of consumers into Amazon Prime without their consent and sabotaging their attempts to cancel the service.
June 21, 2023 | 2:06 pm
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Amazon faces a lawsuit from the FTC for enrolling consumers in Amazon Prime without consent and hindering cancellation attempts.
The lawsuit filed by the FTC against Amazon for enrolling consumers in Amazon Prime without their consent and sabotaging their attempts to cancel the service could have a negative impact on the company's stock price in the short term. The legal and regulatory issues may lead to negative sentiment among investors, causing a decline in the stock price. Additionally, the potential financial penalties and reputational damage could further affect the company's performance.
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