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TechCrunch Daily Crunch

Daily Crunch 3/25/23

TechCrunch Daily Crunch

SpokenLayer

Tech News, News, Technology

3.849 Ratings

🗓️ 25 March 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

FTC proposes new rule to make it easier to cancel free trials and subscriptions; Twitter will kill ‘legacy’ blue checks on April 1; Ford to build next-gen EV truck at $5.6B factory in 2025 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:07.0

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0:13.0

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0:21.6

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0:25.5

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0:29.5

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0:35.7

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0:41.0

tech news to sign up for your free 60 day trial that's ship

0:44.9

station dot com code tech news this is tech crunch

0:52.0

here's your Daily Crunch. The Federal Trade Commission has proposed a new

0:57.8

click-to-cancel rule that would make it easier for consumers to cancel

1:01.8

free trials, auto renewals, and subscriptions.

1:05.3

The proposed rule change covers both digital and physical subscriptions and will apply to

1:10.4

gym membership, streaming services, cable TV, newspapers, and more.

1:15.6

The click to cancel provision would require companies to make the process of ending a subscription

1:20.1

as easy as it is to sign up for one.

1:22.6

For instance, if you sign up for a subscription online,

1:25.4

you must be able to cancel it on the same website

1:27.8

in the same number of steps,

1:29.4

as opposed to being required to cancel by phone.

1:32.8

Although the proposed rule change would continue to allow companies to offer special

1:36.6

deals when a customer is looking to cancel their subscription, they would be required

...

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