Consumer Reports calls on FTC to investigate Uber and Lyft over pricing practices

Consumer Reports filed a formal letter to the FTC calling for an investigation into Uber and Lyft's dynamic pricing practices, alleging discriminatory pricing where identical rides are priced differently and discounts are based on inflated baselines. The action follows a monthlong investigation revealing algorithmic price discrimination, with 32,330 consumers signing a petition supporting the probe.

This Wire brief sits within Fusion42's coverage of Fintech.