Adobe Systems (ADBE) Reimagines PDFs by Integrating Adobe Firefly into Acrobat and Adding Support for Chat Across Multiple Documents in Acrobat AI Assistant

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Adobe Systems (ADBE) falls as U.S. sues over subscription plan disclosures

June 17, 2024 12:44 PM EDT

Shares of Adobe Systems (NASDAQ: ADBE) fell over 2% Monday after the U.S. government sued the company. In addition, the Federal Trade Commission (FTC) also said it is taking action.

They accuse the Photoshop and Acrobat owner of hurting customers by registering them in its most lucrative subscription plans without clearly disclosing important terms.

The government filed a complaint in the San Jose, California,... More