Adobe Says Since June 2022, Have Been Cooperating With The FTC Staff In Response To A Civil Investigative Demand; Demand Seeking Information Regarding Disclosure And Subscription Cancellation Practices Relative To Restore Online Shoppers' Confidence Act
Portfolio Pulse from Benzinga Newsdesk
Adobe has been cooperating with the FTC since June 2022, responding to a Civil Investigative Demand. The FTC is seeking information about Adobe's disclosure and subscription cancellation practices in relation to the Restore Online Shoppers' Confidence Act.
December 13, 2023 | 9:24 pm
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NEGATIVE IMPACT
Adobe is under FTC investigation for its disclosure and subscription cancellation practices, which could lead to legal challenges or changes in business practices.
The FTC investigation into Adobe's practices could result in negative publicity, legal challenges, or fines, which may affect investor confidence and the company's financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100