Hims and Hers shares fall 10% as FTC sues company over data, billing practices
The FTC sued Hims & Hers over alleged health data sharing with Meta and Snap, billing practices and subscription cancellations.
Reported by 1 outlet — CNBC Top News. See all sources ↓
The Federal Trade Commission (FTC) sued Hims & Hers, a telehealth company. The FTC says the company shared users' health data with Meta and Snap without proper permission. It also says the company made it hard for customers to cancel subscriptions and used unfair billing. Because of the lawsuit, the company's stock price dropped about 10 percent.
Why it matters
This shows how regulators are watching how health apps handle personal data. It also reminds users to check how easy it is to leave a service and what they are being charged for.
- What did the FTC accuse Hims & Hers of?
- Sharing health data with Meta and Snap, making cancellations hard, and using unfair billing.
- How did the market react to the lawsuit?
- The company's shares fell about 10 percent.
- Why might this matter to ordinary users?
- It highlights privacy risks and the importance of clear subscription terms.
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Hims and Hers shares fall 10% as FTC sues company over data, billing practices
Sources1TypeCoverageCNBC Top News