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Some Amazon customers who are eligible for its $2.5 billion settlement with the Federal Trade Commission have started receiving payments.
Amazon has started disbursing automatic refunds from its $2.5 billion settlement with the Federal Trade Commission, the agency has confirmed. The big picture: $1.5 billion of that money — which settles allegations that the company enrolled its customers in Prime subscriptions without their consent — is going directly to Prime subscribers,
After FTC settlement, eligible Amazon Prime customers will automatically receive refunds between Nov. 12 and Dec. 24.
It came as a bit of a shocker to learn that Jeff Bezos, Amazon (NASDAQ:AMZN) founder and one of the world’s richest men, is getting back to it with the recent founding of his new AI startup named Project Prometheus,
Amazon is turning its cloud business into an AI growth engine -- considering this and the full Amazon picture, the stock looks very reasonably priced today at 32x forward earnings estimates. And that's why Amazon is a fantastic tech stock to buy and hold as this AI revolution picks up speed.
Payments in a $2.5 billion Amazon settlement with the Federal Trade Commission are going out. Are you eligible in Mississippi? When's the deadline?