Adobe Responds to FTC Complaint; Vows to Refute Claims in Court; Asserts Transparency in Subscription Terms and Simple Cancellation Process
Portfolio Pulse from Benzinga Newsdesk
Adobe has responded to an FTC complaint, vowing to refute the claims in court. The company asserts that it maintains transparency in its subscription terms and offers a simple cancellation process.
June 17, 2024 | 5:23 pm
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Adobe has responded to an FTC complaint, stating its intention to refute the claims in court. The company emphasizes its transparency in subscription terms and a straightforward cancellation process.
The FTC complaint could create short-term uncertainty for Adobe's stock, but the company's strong stance and emphasis on transparency may mitigate negative impacts. Investors will likely await further developments in the legal proceedings.
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