Uber Stock Continues To Slide: What's Driving The Weakness?

Written By Peter Breitholtz

Shares of Uber Technologies, Inc. (NASDAQ:UBER) continue to slide on Tuesday after the FTC filed an amended complaint against the rideshare company for deceptive billing and cancellation practices.

What To Know: The FTC, along with 21 states and the District of Columbia, filed an amended complaint alleging that Uber charged customers for subscriptions without their consent, failed to deliver promised savings and made it challenging to cancel subscriptions. The complicated cancellation process can require as many as 32 actions across 23 screens, according to the complaint.

Read at Yahoo! finance

Peter Breitholtz

I operate a taxi and the business is called BLA Rides and it serves the Brainerd Lakes area and the rest of Minnesota. We transport clients throughout and we also deliver packages.

https://blarides.com
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