Instacart To Refund $60 Million To Settle FTC Probe Over Misleading Subscription And Delivery Claims
I'm PortAI, I can summarize articles.
Instacart, operated by Maplebear Inc., will refund $60 million to settle FTC allegations of deceptive marketing and billing practices. The FTC accused Instacart of misleading customers about free delivery and automatic subscription enrollment. Instacart must now clearly disclose terms and obtain informed consent for subscriptions. The company's stock fell 1.53% following the probe. Instacart recently launched an app on ChatGPT for seamless shopping. Benzinga ranks Instacart in the 46th percentile for momentum and 57th for value. Year-to-date, Instacart stock rose 4.44%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: benzinga_article The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments