Two consumers allege that Amazon misled customers by promoting false discounts on its site during its summer Prime Day sale. In a proposed class-action lawsuit filed in September in a federal court in Washington state, plaintiffs Cathy Armstrong of California and Oluwa Fosudo of Maryland claim that Amazon used “fictional” list prices to calculate its…
Federal regulators are accusing online real estate firm Zillow of paying rival Redfin $100 million to discourage competition in home rental advertising, harming both renters and property managers. In a lawsuit filed Tuesday in the U.S. District Court for the Eastern District of Virginia, the Federal Trade Commission alleged the companies struck an “unlawful agreement…
Amazon will pay $2.5 billion in fines and reimbursements to Prime subscribers to settle the U.S. Federal Trade Commission’s allegations that it deceived its customers to generate subscriptions, the agency said on Thursday. While a win for consumers and the FTC, the settlement is relatively painless for Amazon: the company takes in around $2.5 billion…
Amazon agreed to pay $2.5 billion to settle a Federal Trade Commission case over whether it duped customers into signing up for Prime and made it difficult for customers to cancel their membership. As part of the settlement, announced Thursday, Amazon will provide $1.5 billion in refunds to customers that were harmed by what FTC…
Amazon faces a court hearing in Seattle this week to face allegations by federal regulators that the e-commerce giant duped customers into signing up for its Prime membership while also making it difficult for them to cancel their subscriptions. The case, announced by the Federal Trade Commission in 2023, centers on claims that Amazon engaged in…
The Federal Trade Commission and state prosecutors on Thursday filed a joint lawsuit against Live Nation Entertainment and Ticketmaster accusing the event services of allowing brokers to scoop up event tickets and resell them at inflated prices, costing consumers billions of dollars. In a legal complaint filed in the U.S. District Court for the Central District…
Publishers Clearing House is known for giving money away in sweepstakes and other contests. Now it’s offering a different kind of payout — a refund for customers who may have been deceived by the direct marketing company. The Federal Trade Commission said Wednesday that the agency has mailed checks totaling over $18 million to nearly…
Here’s what investors are watching during the week of April 14 to April 18. Meta Platforms (META) is set to face the Federal Trade Commission (FTC) as part of its antitrust case. Investors will get fresh economic data, including retail sales and Federal Reserve commentary. Homebuilder confidence, as well as starts and permits data, will…
Elon Musk’s close relationship with President Trump may well end up shielding him from the 32 continuing investigations, pending complaints or enforcement actions against his companies in the United States. But something else appears to be happening for Musk in Europe. My colleague Adam Satariano got the scoop last night that X, Musk’s social media…
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