[00:00] Amazon just got hit with the biggest civil penalty in FTC history, a massive settlement totaling $2.5 billion over allegations of misleading Prime users. Here's what you need
[00:12] to know. According to the FTC, Amazon allegedly used sophisticated subscription traps which made it super easy to join Prime, but frustratingly hard to cancel. The FTC found that Amazon Prime
[00:25] users would have to navigate through multiple web pages and options just to cancel their subscription, and nearly 40 million customers were affected. Now Amazon has to pay a $1 billion fine,
[00:38] and they're setting aside $1.5 billion to pay back customers. So here's the deal. If you used Prime three times or less in any 12-month period between 2019 and 2025, you could automatically get 51
[00:53] bucks back. The interesting thing is this could change the way that companies go about subscription cancellations forever here. So let me know what you think in the comments.