Instacart to pay $60 million in consumer refunds to settle FTC lawsuit [USA TODAY]
Maplebear Inc. (CART)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4715924
Company Research
Source: USA TODAY
Instacart has agreed to pay consumers $60 million to settle a Federal Trade Commission lawsuit claiming the company engaged in deceptive tactics. The agency's lawsuit asserts Instacart deceived consumers with false advertising, failure to provide refunds and unlawful subscription enrollment processes. The FTC said in an announcement on Thursday, Dec. 18, that the practices harmed shoppers and raised the cost of groceries for Americans. Specifically, the agency contends that Instacart's “free delivery” claims are false because consumers must pay a service fee to access the delivery service. Such fees can add as much as 15% to the order cost and were not clearly disclosed to consumers, the agency said. Instacart's refund policy under fire The company also allegedly had a 100% satisfaction guarantee policy, which implied it would provide full refunds to customers who experienced incidents of late deliveries or unprofessional behavior. However, in most instances, customers were
Show less
Read more
Impact Snapshot
Event Time:
CART
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CART alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CART alerts
High impacting Maplebear Inc. news events
Weekly update
A roundup of the hottest topics
CART
News
- Update: Market Chatter: Instacart Says Settlement Reached With FTC Over Dynamic Pricing Platform Probe [Yahoo! Finance]Yahoo! Finance
- FTC reaches settlement with Instacart over alleged deceptive practices [CBS News]CBS News
- Wall Street Breakfast Podcast: TikTok's U.S. Survival Plan Is Locked In [Seeking Alpha]Seeking Alpha
- Instacart agrees to $60 million settlement with FTC [CBS News]CBS News
- Does FTC Scrutiny Of Instacart's AI Pricing And Disclosures Change The Bull Case For Maplebear (CART)? [Yahoo! Finance]Yahoo! Finance
CART
Earnings
- 11/11/25 - Beat
CART
Sec Filings
- 12/15/25 - Form 144
- 11/25/25 - Form 8-K
- 11/25/25 - Form 4
- CART's page on the SEC website