Hims & Hers targeted in FTC lawsuit (update) (HIMS:NYSE)
The US Federal Trade Commission (FTC) has sued Hims & Hers, alleging the telehealth company improperly shared consumers' health information and misled customers about billing, subscriptions, and cancellations. The lawsuit, joined by Utah and California, claims Hims & Hers illegally shared patient health data with advertisers and deceived customers. Hims & Hers has called the claims "baseless". The company's shares fell 10% following the lawsuit.
What changed
New developments include Utah joining the lawsuit and Hims & Hers responding to the FTC's allegations.
Live updates
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Hims & Hers sued by FTC over data sharing and billing practices
confidence 50%The US Federal Trade Commission (FTC) has sued Hims & Hers, alleging the telehealth company improperly shared consumers' health information and misled customers about billing, subscriptions, and cancellations. The lawsuit, joined by Utah and California, claims Hims & Hers illegally shared patient health data with advertisers and deceived customers. Hims & Hers has called the claims "baseless". The company's shares fell 10% following the lawsuit.
What's confirmed:
- The FTC sued Hims & Hers for allegedly sharing user health information with Meta and Snap.
- Hims & Hers' shares fell 10% following the FTC lawsuit.
- The lawsuit alleges Hims & Hers misled customers about billing, subscriptions, and cancellations.
- Utah and California joined the FTC lawsuit against Hims & Hers.
Still unconfirmed:
- Hims & Hers described the FTC claims as "baseless".