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Business & Economics

Amazon is sending customers refunds for some really, really old returns

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Amazon is issuing refunds to customers who'd returned products but never received their money back.

The company is refunding unresolved’ returns from as far back as 2018 .

Amazon had hinted refunds were coming during its most recent earnings call on May 1st .

CFO Brian Olsavsky confirmed that the company was reporting a one -time charge of $1.1 billion .