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News  ›  Benzinga

Uber Stock Drops After Regulators Target Billing And Cancellation Tactics

Benzinga Logo Benzinga By Evette Mitkov
Uber Stock Drops After Regulators Target Billing And Cancellation Tactics

The Federal Trade Commission and 21 states filed an amended complaint against Uber, alleging deceptive billing practices for its Uber One subscription, including unauthorized enrollment, failure to deliver promised perks, and complex cancellation processes.

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UBER   negative

Stock dropped 4.34% due to regulatory scrutiny, allegations of deceptive practices, potential civil penalties, and claims of misleading customers about subscription services