Instacart says FTC inquiry ‘fundamentally flawed,’ denies wrongdoing

Instacart (CART) said in an update on its website: “Today, we reached a settlement with the FTC to resolve questions they have raised about our services and our membership program. To be clear, though: We flatly deny any allegations of wrongdoing by the agency, and we believe the foundation of the FTC’s inquiry was fundamentally flawed. We stand firmly behind the integrity, transparency and value of our programs. This settlement allows us to move forward and remain focused on what’s most important to our company: delivering value for our customers, shoppers, and retail and brand partners in the communities we serve.”