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Forbes
120 days

FTC Sues Uber Over Alleged Uber One Deceptive Practices

1. FTC suing Uber over unauthorized charges for Uber One subscription. 2. Claims of making it difficult for consumers to cancel their subscription. 3. Uber's response to the lawsuit is currently unavailable. 4. FTC's action may raise regulatory scrutiny on Uber's business practices.

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FAQ

Why Bearish?

Legal challenges can lead to financial penalties and reputational damage. Similar past lawsuits have negatively affected share prices.

How important is it?

Legal issues can significantly impact Uber's operations and investor confidence. Regulatory scrutiny often leads to stock corrections.

Why Short Term?

Immediate effects from the lawsuit may lead to investor concerns and volatility in the stock price.

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