Instacart falls after co to pay $60 mln to settle FTC claims it deceived shoppers

Maplebear

18/12/2025 20:29

Updates

** Shares of online grocery delivery platform Instacart CART.O fall about 1.4% to $45.02

** Instacart agrees to pay $60 million to settle the FTC's allegations of misleading consumers about Instacart+ membership benefits and free delivery offers, as per court filings

** FTC alleges Instacart misled consumers on fees and memberships, failing to disclose auto-renewal of Instacart+ trials, and giving unclear refund policies

** CART settles without admitting to the allegations

** The FTC is also probing CART's AI pricing tool Eversight, two sources familiar with the matter told Reuters on Wednesday

** Eversight faced criticism after a study found shoppers were charged varying prices for the same groceries

** CART says retailers are responsible for setting prices, pricing tests run through Eversight are random and not based on user data

** Up to last close, stock up 10.21% YTD

(Reporting by Kanishka Ajmera and Sanskriti Shekhar in Bengaluru)

((Kanishka.Ajmera@thomsonreuters.com))