Adobe shares are trading lower following a report indicating the US has sued the company, alleging it impacted consumers by enrolling them in subscription plans without clearly disclosing important terms.
Portfolio Pulse from Benzinga Newsdesk
Adobe shares are trading lower following a report indicating the US has sued the company, alleging it impacted consumers by enrolling them in subscription plans without clearly disclosing important terms.
June 17, 2024 | 3:13 pm
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Adobe shares are trading lower due to a lawsuit from the US government, which alleges the company enrolled consumers in subscription plans without clearly disclosing important terms.
The lawsuit could lead to financial penalties and damage Adobe's reputation, causing short-term negative impact on its stock price.
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IMPORTANCE 80
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