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Adobe is having a terrible month
  + stars: | 2024-06-18 | by ( Shubhangi Goel | ) www.businessinsider.com   time to read: +4 min
On Monday, the Department of Justice sued, saying Adobe violated consumer protection laws by hiding expensive fees and making it difficult to cancel subscriptions. Regulators said in the complaint that Adobe entices people to "enroll in its default, most lucrative subscription plan without clearly disclosing important plan terms." Earlier this month, the tech giant asked users to sign new terms with language that some thought implied that their content could be reproduced, displayed, or modified by Adobe — a big concern since Adobe is pushing hard into generative AI. AdvertisementThe news even frustrated Adobe employees, who complained internally about the company's poor communication, Business Insider reported last week. "Pretending that this wasn't intentional only makes Adobe and its employees look even more pathetic," said Sasha Yanshin on X. Yanshin said that he canceled his Adobe subscription after many years as a customer.
Persons: , Maninder, David Wadhwani, Dana Rao, Adobe's, Sasha Yanshin, Yanshin Organizations: Service, Department of Justice, Federal Trade Commission, Business, Regulators, Adobe, DOJ, Prosecutors
The crypto market has dominated headlines as the currency generated stellar returns. Since I was buying crypto in the UK, the process is slightly different than in the US. "eToro Wallet acts as the gateway between the eToro investment platform and the blockchain," said an eToro spokesperson in an email. Crypto needs a bear marketSo with $9.94 of hard-earned cash still sitting in my eToro account, I am left with a bitter taste in my mouth. Some of the most well-regarded crypto products in today's market, such as the FTX exchange and solana, were built in the last crypto winter.
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