
FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Hims Hers stock added to losses after the news and was trading down around 12%.
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Summary
The company's shares fell nearly 15% on Wednesday. Hims Hers, which was founded in 2017 and is publicly listed, allows users to connect virtually with health care providers and get prescription drugs for sexual wellness, weight loss and other issues. Users’ sensitive health information was shared with online advertising companies including Meta Platforms and Snap despite the company leading customers to believe their data was private, the FTC alleged in the lawsuit filed along with Los Angeles County and Utah.
Furthermore, Bloomberg via Getty Images Hims Hers called the claims baseless in a post on social media site X. “This is not enforcement grounded in consumer protection; it is an effort to generate headlines at our expense,” the company said in the post.
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The company's shares fell nearly 15% on Wednesday.
according to CBS News — LatestHims Hers, which was founded in 2017 and is publicly listed, allows users to connect virtually with health care providers and get prescription drugs for sexual wellness, weight loss and other issues.
according to CBS News — LatestUsers’ sensitive health information was shared with online advertising companies including Meta Platforms and Snap despite the company leading customers to believe their data was private, the FTC alleged in the lawsuit filed along with Los Angeles County and Utah.
according to New York PostBloomberg via Getty Images Hims Hers called the claims baseless in a post on social media site X. “This is not enforcement grounded in consumer protection; it is an effort to generate headlines at our expense,” the company said in the post.
according to New York Post
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