Instacart To Refund $60 Million To Settle FTC Probe Over Misleading Subscription And Delivery Claims (UPDATED)
Bearish
-65.0
(Editor’s note: This story has been updated to include Instacart’s statement)
Maplebear Inc. (NASDAQ:CART), operating as online grocery service Instacart, has agreed to refund $60 million to its customers as a settlement for allegations of deceptive marketing and billing practices made by the Federal Trade Commission (FTC).
FTC Accuses Instacart of Deceptive Practices
The FTC accused Instacart of misleading customers with false advertising about free delivery services, only to charge them for the service. The company also allegedly failed to inform customers that signing up for a free trial would automatically enroll them in its subscription program.
Christopher Mufarrige, director of the FTC's Bureau of Consumer Protection, said Instacart deceived consumers by promoting free delivery whi
Maplebear Inc. (NASDAQ:CART), operating as online grocery service Instacart, has agreed to refund $60 million to its customers as a settlement for allegations of deceptive marketing and billing practices made by the Federal Trade Commission (FTC).
FTC Accuses Instacart of Deceptive Practices
The FTC accused Instacart of misleading customers with false advertising about free delivery services, only to charge them for the service. The company also allegedly failed to inform customers that signing up for a free trial would automatically enroll them in its subscription program.
Christopher Mufarrige, director of the FTC's Bureau of Consumer Protection, said Instacart deceived consumers by promoting free delivery whi
Pulse AI Analysis
Pulse analysis not available yet. Click "Get Pulse" above.
This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
