U.S. FTC Says It Takes Action Against Adobe And Executives For Hiding Fees, Preventing Consumers From Easily Cancelling Software Subscriptions
Portfolio Pulse from Benzinga Newsdesk
The U.S. Federal Trade Commission (FTC) has taken action against Adobe and its executives for allegedly hiding fees and preventing consumers from easily canceling software subscriptions.
June 17, 2024 | 3:27 pm
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The FTC has taken action against Adobe for allegedly hiding fees and preventing easy cancellation of software subscriptions. This could lead to legal and regulatory challenges for Adobe.
The FTC's action against Adobe for hiding fees and preventing easy cancellation of subscriptions could result in legal and regulatory challenges. This may negatively impact Adobe's stock price in the short term due to potential fines, legal costs, and reputational damage.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100