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Market
Market reaction to Razer's $1.1M customer refund by end of 2024
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Story
Razer Fined $100K by FTC, Ordered to Refund $1.1M Over Misleading Mask Claims
Apr 29, 2024, 04:46 PM
Razer, Inc. has been fined by the Federal Trade Commission (FTC) and ordered to pay over $1.1 million in penalties and refunds. The company made significant revenue from its Zephyr face masks, which were marketed with RGB lighting and claimed to be of 'N95-grade' quality. However, the FTC found these claims to be misleading, resulting in a $100,000 fine and a directive to refund $1.1 million to U.S. consumers.
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