[FTC] FTC Secures Historic $2.5 Billion Settlement Against Amazon:

[Pepper_Thine_Angus]

Adobe is 1000000000% the worst. Even trying to use your subscription can be a nightmare

[ASV_Vites]

We’re talking about this - right?

Just want to make sure bc we have never had an issue…. Using / Subscribing / Unsubscribing….

[Pepper_Thine_Angus]

Maybe they have changed it, last time I was in there was a year ago and it was painful.

Also last time I was in there you could not cancel an auto renewal and use the license to the end date. The moment you canceled, lights out.

[ASV_Vites]

@Pepper_Thine_Angus

The moment you canceled, lights out.

That’s true. I remember that happening and being pissed….

[dwat0870]

@ASV_Vites

Didn’t read the article

Are you an Amazon buyer? Didn’t read the bullet points? I love the one from today on the NSFE with a seller complaining about a “1” Review because an item was made in China even though it said so in the details. Poor sap thought Amaozn buyers could read…

[Image]

“Amazon and our executives have always followed the law and this settlement allows us to move forward…”

“Don’t worry Amazon Customers, we will put these fines on the backs of our sellers.”

[papy]

Who’s eligible for a refund from Amazon?

Looks like the max individual refund is $51.

[Image]

@papy

Looks like the max individual refund is $51.

Big numbers but I come up with $12.69 for each Prime customer.

I could be wrong, since I do this stuff in my head.

ETA; As I have said before, this will go on the back of sellers…

[ASV_Vites]

@Image

ETA; As I have said before, this will go on the back of sellers…

I am expecting either a $51 or $12.69 “Other” charge on our next payout summary.

[JPandAR]

And all of a sudden we’re all seeing a push to DD+7 disbursement for seller funds, which they claim is “in line with your seller feedback.”

[JPandAR]

I wonder now, with this ruling against Amazon, how they are going to behave with the next FTC antitrust case that keeps getting pushed back.

[Image]

@Image

$12.69 for each Prime customer.

@JPandAR at only 13 bucks, per Prime Customer, they (Amazon) don’t care about the FTC. Chump Change. We should bring back the ha’penny to keep track of this.

[papy]

@papy

Looks like the max individual refund is $51.

This is from the article. I certainly expect payouts to be prorated/dependent upon length in the program, etc:

If you meet all three of these requirements, you may be eligible for an automatic refund of your Prime membership fees, up to $51:

[Lost_My_Marbles]

If we get either the $51 or $13 dollar refund, we would expect a future unexplained “other” charge of equal value.

[ASV_Vites]

@ASV_Vites

I am expecting either a $51 or $12.69 “Other” charge on our next payout summary.

[joebcrafts]

$2,500,000,000 settlement
$1,000,000,000 to FTC
$1,500,000,000 to consumers
capped $51 to each consumer who “qualifies”
That would be 29,411,764 consumers who are:

• US based
• enrolled 2019-2025
• use less than 3 benefits

There is no way there are 29.4 million consumers who fit all 3 of those requirements.

Most of that payout to consumers will never be paid.

[papy]

I looked at the actual Settlement Agreement (pdf available at https://www.ftc.gov/system/files/ftc_gov/pdf/Amazon-ROSCA-Order-Filed_0.pdf). A couple of notes:

1. Only the Automatic Pay-Outs limit the number of Prime benefits used to 3 or less. After the automated process, there is a manual Claims Process via which otherwise eligible Members can request pay-outs, having used “no more than 10” Prime benefits. (see p11 below)
2. Amazon is required to pay out at least $1B to Members, so after the end of the manual Claims period, a second automated tiered process starts with Members who used 4 benefits, then 5, and so on to 10. So if the Consumer Fund has not yet been emptied or paid out a minimum of $1B through the Automatic process using 3 or fewer and then the manual Claims process for using 10 or fewer, then Amazon will continue to pay out to the Members who weren’t eligible for the first Automatic process and who didn’t file a manual Claims, until funds run out, or the completion of this process, or $1B has been paid. (see p13 below)
3. At the end of the entire Settlement Program, from the first Automatic process, then Claims, then the second Automatic Process, if Amazon still has any funds remaining from the initial $1.5B in the Consumer Fund, then Amazon does keep that. (see p9 below)

I probably wasn’t reading carefully, but I’m still not clear whether the $51 maximum is in total, or per year.

[Uncle_Leroy]

@Pepper_Thine_Angus

https://www.aboutamazon.com/news/company-news/amazon-response-on-ftc-agreement

“Amazon and our executives have always followed the law”

[Image]

@joebcrafts

Most of that payout to consumers will never be paid.

I appreciate your “Qualified” list. Yet where is the amount that will go in some Attorney’s pocket? And yes, the government gets “One Million Billion Dollars.”