FTC Says Amazon Tricked Consumers Into Automatically Renewing Prime Subscriptions
Portfolio Pulse from Happy Mohamed
The Federal Trade Commission (FTC) has accused Amazon of tricking consumers into automatically renewing their Prime subscriptions without proper consent. The FTC is seeking refunds for affected customers.
June 21, 2023 | 2:07 pm
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Amazon faces accusations from the FTC of tricking consumers into auto-renewing Prime subscriptions without consent, potentially leading to refunds.
The FTC's accusation against Amazon may result in negative publicity and potential refunds for affected customers. This could lead to a short-term negative impact on Amazon's stock price as investors may perceive this as a reputational risk and a potential financial liability.
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