Uber(UBER) Prnewswire·2025-04-22 20:32Core Viewpoint - The investigation into Uber Technologies, Inc. is focused on potential securities fraud and unlawful business practices following a lawsuit filed by the Federal Trade Commission (FTC) alleging violations related to its subscription service [1][2]. Group 1: FTC Lawsuit - The FTC filed a lawsuit against Uber on April 21, 2025, alleging that the company violated the FTC Act and the Restore Online Shoppers' Confidence Act [2]. - The lawsuit claims that Uber's Uber One subscription service charged customers without their consent, failed to deliver promised savings, and made it difficult for users to cancel their subscriptions [2]. Group 2: Stock Market Reaction - Following the announcement of the FTC's lawsuit, Uber's stock price decreased by 72.92 per share on April 21, 2025 [3]. Group 3: Legal Representation - Pomerantz LLP is investigating claims on behalf of Uber investors and is recognized for its expertise in corporate, securities, and antitrust class litigation [1][4]. - The firm has a long history of fighting for the rights of victims of securities fraud and has recovered numerous multimillion-dollar damages awards [4].