Uber (UBER) Faces FTC Lawsuit Over Alleged Deceptive Subscription Practices
April 21, 2025
Published by: Zorrox Update Team
The U.S. Federal Trade Commission (FTC) has filed a lawsuit against Uber Technologies Inc. (NYSE: UBER), alleging deceptive practices related to its Uber One subscription service. The FTC claims that Uber enrolled consumers into the $9.99/month program without their consent and made it difficult to cancel, despite promises of easy opt-out options.
According to the FTC, Uber misrepresented potential savings and used obscure text to hide key details, leading to unauthorized charges for some users. The agency seeks a permanent injunction against Uber's current subscription practices and monetary relief for affected consumers.
Uber denies the allegations, stating that its sign-up and cancellation processes are clear and compliant with the law. A company spokesperson expressed confidence that the courts will side with Uber.
Implications for CFD Traders
The lawsuit has potential ramifications for Uber's stock performance. Traders should monitor developments closely, as regulatory actions can influence investor sentiment and stock volatility.
Tips for Traders
Monitor Legal Proceedings: Stay updated on the lawsuit's progress, as outcomes can impact Uber's financials and stock price.
Assess Market Sentiment: Observe how investors react to the news, which may present trading opportunities based on stock movements.
Risk Management: Implement appropriate risk controls when trading UBER CFDs, considering potential volatility stemming from legal uncertainties.
The Zorrox project, born from a deep thought process, is here to drive change, identify what's missing in the world of trading, and bring trading into a new technological era
© 2024 Zorrox Project. All rights reserved.
Risk Warning:
Trading online involves significant risks and may not be suitable for all investors. The content on this website does not constitute investment advice. Before deciding to trade on our platform, you should thoroughly evaluate your objectives, financial situation, needs, and level of experience, and consider seeking independent professional advice. Trading may result in the loss of some or all of your invested capital; therefore, you should not speculate with funds you cannot afford to lose. Be aware of the risks associated with trading on margin. Please read our full Risk Disclosure Statement and Terms and Conditions.
We do not guarantee profits from trading or any other activities associated with our website. Trading does not grant you access, rights, or ownership to the underlying assets but exposes you to price fluctuations of those assets. If you do not understand or cannot afford the risks involved, you are advised not to trade with us. We do not provide trading advice, recommendations, or guidance. Any trading decision is your sole responsibility and at your own risk, and the Group is not liable for any losses you may incur. Please consult your own legal, financial, and tax advisors for advice and assistance.
Leverage Products:
Leveraged trading products are complex instruments that come with a high risk of losing money rapidly due to leverage. Most retail clients lose money when trading financial instruments. Please consider whether you understand how our products work and whether you can afford the risk of losing your money.
Regulatory Information:
ZORROX operated by Bruce Investments Ltd, 3 Emerald Park, Trianon, Quatre Bornes 72257, Mauritius. Registration Number: C196325, Authorized and regulated by the Financial Services Commission (“FSC”) of Mauritius with License Number GB23201698 as an authorized Investment Dealer. Services are provided only where authorized.
EN-US