Money

Did Amazon ‘trick and trap’ people into recurring subscriptions?

Published

1 year ago

June 23, 2023

ticker NEWS

Online retail giant Amazon has been hit with a lawsuit from U.S. regulators.

In a complaint filed in federal court, the Federal Trade Commission is accusing Amazon of underhanded practices to keep customers enrolled in its Prime program.

The FTC Chair says, “Amazon tricked and trapped people into recurring subscriptions without their consent, not only frustrating users but also costing them significant money.”

Amazon denies the allegations.

Nicole Middendorf, the CEO of Prosperwell Financial joins us to discuss. #Amazon #money #subscription #AmazonPrime #ftc

Related Topics:Amazon AmazonPrime FTC money subscription

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.