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April 30, 2018

Subscription Negative Option Affiliate Marketing Case Settled with FTC

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The Federal Trade Commission has settled a case in which the defendants allegedly sold tooth whitening products, via subscription using at least 87 websites promoted by affiliate marketers. Under the settlement, defendants are restricted from making future negative option sales and using consumer information obtained from their prior sales and were imposed a whopping judgment of $92,011,601.

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Amazon Posts Net Sales of $51 Billion, Raises Prime Price to $119

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Apparently not everyone is enthralled with Amazon’s latest financial report. ‘Amazon has the nerve to hike Prime to $119 on the same day it announces massive $1.6 billion profits,’ read the headline of an Inc. article last week. On Thursday, Amazon (NASDAQ: AMZN) reported impressive first quarter financials, including net sales of $51.0 billion, an increase of 43 percent year-over-year. The company also reported net income of $1.6 billion, or $3.27 per diluted share, compared to net income of $724 million, or $1.48 per diluted share, for the first quarter of 2017.

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