FTC sues Hims & Hers over health data sharing and billing practices

A lawsuit has been initiated by the Federal Trade Commission (FTC) against Hims & Hers Health, a telehealth firm, accusing it of disclosing sensitive health data of consumers to third-party advertising entities without obtaining consent. Additionally, the complaint asserts that the company billed customers prior to their consultations with medical providers and created obstacles for subscription cancellations. The FTC aims to hold Hims & Hers responsible for these actions, which it contends breach consumer protection regulations. Following this announcement, the stock of Hims & Hers experienced a significant decline.