FTC probes Uber over subscription service practices, Bloomberg News reports

Investing.comNov 28, 2024 3:20 AM

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Investing.com -- The U.S. Federal Trade Commission is investigating Uber Technologies Inc (NYSE:UBER) over allegations that it enrolled customers into its Uber One subscription service without consent and made it challenging for them to cancel, according to a Bloomberg report.

The FTC is investigating Uber after customers complained the company signed them up for the Uber One subscription product without their consent and made it difficult to cancel, Bloomberg reported, citing documents.

The investigation was opened earlier this year. The Uber One subscription program gives discounts on rides and delivery orders in exchange for an annual fee. About 25 million people subscribe to Uber One, the company said in October.

Shares of ridehail platform were trading at $71.63

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