Uber's subscription service reportedly target of FTC probe
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The Federal Trade Commission (FTC) is investigating Uber for potentially violating consumer protection laws. The probe focuses on allegations that Uber automatically enrolled users in its Uber One subscription service and made it difficult for them to cancel.
November 27, 2024 | 10:30 pm
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Uber is being investigated by the FTC for potentially violating consumer protection laws by allegedly auto-enrolling users in its Uber One subscription service and complicating the cancellation process.
The FTC investigation into Uber's subscription practices could lead to regulatory actions or fines, negatively impacting Uber's stock price in the short term. The allegations of auto-enrollment and difficult cancellation processes could harm Uber's reputation and lead to increased scrutiny.
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