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Instacart has agreed to pay $60 million to settle FTC claims of deceiving consumers with unlawful tactics, resulting in higher fees and denied refunds.

Instacart agreed to pay $60 million to settle FTC claims of deceptive business practices, including misleading subscription signup and 'satisfaction guarantee' advertising.

Instacart's AI-driven pricing tool has caught the attention of the Federal Trade Commission (FTC), sparking concerns in a market where consumers are feeling financially strained.

Instacart's shares dropped due to a report that the FTC is investigating the company's AI pricing tool, citing a civil investigative demand.

The FTC estimates that older adults have lost up to $81.5 billion to financial fraud from 2020 to 2024, with a significant 300% increase in reported losses to $2.4 billion in the 60-plus age group.

The FTC has upheld a ban on Scott Zuckerman, the founder of stalkerware apps SpyFone and SpyTrac, citing concerns over his business practices.

A federal judge has ruled in favor of Meta, denying the company's status as a monopoly in an antitrust trial with the FTC.

Meta has won its antitrust trial against the FTC, which focused on its acquisition of WhatsApp and Instagram.

Meta is replacing human employees with AI to automate compliance review tasks, leading to layoffs in its risk organization.