FTC probes Instacart's AI pricing tool, source says; shares drop

A U.S. flag flutters at the Federal Trade Commission (FTC) headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier

Dec 17 (Reuters) - The U.S. Federal Trade Commission is probing Instacart, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool.

Instacart shares were down about 10% in after-hours trading.