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misk@piefed.social to Technology@lemmy.zipEnglish · 2 months ago

Amazon to pay $2.5B in US regulator settlement over ‘deceptive’ Prime tactics

techcrunch.com

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Amazon to pay $2.5B in US regulator settlement over ‘deceptive’ Prime tactics

techcrunch.com

misk@piefed.social to Technology@lemmy.zipEnglish · 2 months ago
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Amazon to pay $2.5B in FTC settlement over 'deceptive' Prime tactics | TechCrunch
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The company will be required to pay a $1 billion civil penalty and provide $1.5 billion in refunds back to an estimated 35 million consumers harmed by the company's "deceptive Prime enrollment practices," the FTC says.
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  • CubitOom
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    2 months ago

    How many hours does it take Amazon to make $2.5B in profit?

    Edit: apparently, it takes about 30 hours of operations to make $2.5B in revenue.

    https://amzscout.net/blog/how-much-does-amazon-make-a-day/

    • pressedhams@lemmy.blahaj.zone
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      2 months ago

      Revenue ≠ Profit

      • CubitOom
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        2 months ago

        Right, but I don’t have the details of Amazon’s operating cost. This is why I specifically used the word revenue.

        • sidebro@lemmy.zip
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          2 months ago

          It’s a piss in the ocean regardless

  • relativestranger@feddit.nl
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    2 months ago

    i have a trial to cancel soon. betcha it’s still faster and easier to ask ddg ‘how to cancel prime’ than it is to find it solely via clicks on azn’s own site.

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