Toast says market share growth shows FTC lawsuit lacks merit

AI-assisted source summary · not independently verified. Content standards

Toast CEO Aman Narang said on the third-quarter earnings call that the company would continue executing its growth plans and pointed to market share gains in response to lawsuits brought against it by the FTC and state governments. The lawsuits allege that Toast charged unauthorized fees, misled merchants about pricing, and obstructed customers seeking to cancel service; Toast denies the allegations and argues that ROSCA does not apply to negotiated B2B contracts.