July 29 (Reuters) - The U.S. Federal Trade Commission sued, opens new tab Hims & Hers (HIMS.N), opens new tab on Wednesday alleging the telehealth platform shared users' health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices.
Users' sensitive health information was shared with online advertising companies including Meta Platforms (META.O), opens new tab and Snap (SNAP.N), opens new tab 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.
Hims & Hers stock added to losses after the news and was trading down around 12%.
Hims & Hers is one of the largest telehealth players in the market for weight loss drugs. The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.......................
Users' sensitive health information was shared with online advertising companies including Meta Platforms (META.O), opens new tab and Snap (SNAP.N), opens new tab 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.
Hims & Hers stock added to losses after the news and was trading down around 12%.
Hims & Hers is one of the largest telehealth players in the market for weight loss drugs. The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.......................
