Hims and Hers shares fall 10% as FTC sues company over data, billing practices

The Federal Trade Commission filed a lawsuit against telehealth provider Hims and Hers Health, citing claims that the company misled consumers on multiple fronts. The FTC, alongside Los Angeles County and Utah authorities, alleged that Hims and Hers disclosed users’ sensitive health information to online advertising firms including Meta Platforms and Snap Inc. through tracking technologies integrated into its website, contradicting privacy assurances provided to customers.
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