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It followed tens of thousands of complaints from Care.com customers, including many who thought they canceled memberships but were billed again. The FTC said Care.com enticed customers to buy auto-renewing memberships by overstating the number of jobs, or "gigs," on its platform and how much people could earn from them. It said Care.com knew or should have known a significant number of the jobs were unlikely to result in employment. About 2.9 million U.S. consumers bought Care.com auto-renewing memberships between January 2019 and March 2022. "Care.com used inflated job numbers and baseless earnings claims to lure caregivers onto its platform, and used deceptive design practices to trap consumers in subscriptions," FTC consumer protection chief Samuel Levine said.
Persons: Care.com, Samuel Levine Organizations: Federal Trade Commission, IAC Inc, FTC, Austin Locations: Care.com, Waltham , Massachusetts, Austin , Texas
3-Stock Lunch: IAC, HOOD, LYFT
  + stars: | 2024-02-14 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: IAC, HOOD, LYFTAadil Zaman, Wall Street Alliance Group partner, joins 'Power Lunch' to discuss three stock plays for companies including: IAC inc, Robinhood and Lyft.
Persons: LYFT Aadil Organizations: IAC, HOOD, Wall Street Alliance Group
Cramer's lightning round: Cano Health is a buy
  + stars: | 2022-11-04 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
Loading chart...Cano Health Inc : "I think it's a buy." I do think that [Johnson & Johnson ] is going to spin off its consumer product company, and that's going to be very, very good." But I think you're okay." Loading chart...Nike Inc : "I don't think buying Nike here is that bad." Disclaimer: Cramer's Charitable Trust owns shares of Johnson & Johnson.
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