00:00It's Benzinga bringing Wall Street to Main Street.
00:03Uber Technologies Inc. shares fell on Monday as regulators intensified scrutiny of the
00:08company's subscription practices, according to Benzinga. The Federal Trade Commission,
00:12joined by 21 states and Washington, D.C., accused Uber of enrolling customers in Uber One without
00:18consent, failing to deliver promised benefits, and making cancellations difficult. Regulators
00:24said Uber promoted Uber One as offering up to $25 in monthly savings and free delivery,
00:30but many users reported being charged fees or not receiving the advertised discounts.
00:35Regulators said Uber enrolled customers in Uber One without consent and made cancellation difficult,
00:41requiring navigation through dozens of screens and actions despite promising easy cancellation.
00:47Shares fell by 3.82% to $81.86 at Monday's close.
00:52For all things money, visit Benzinga.com.
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