US FTC Sues Telehealth Firm Hims & Hers Over Sharing Health Data with Advertisers

Regulation
โดย Reuters·Read original
Summary · why it matters

The US Federal Trade Commission sued telehealth company Hims & Hers Health on the 29th, alleging it provided users' health data to online advertising companies such as Meta Platforms and Snap, and engaged in improper billing and cancellation practices. The company is one of the major telehealth providers in the weight-loss drug market, also offering treatments for erectile dysfunction and hair loss. Christopher Mufarrige, head of the FTC's consumer protection bureau, said in a statement that the agency is acting to protect consumers' rights. Hims & Hers pushed back in a post on X, calling the lawsuit baseless.

Impact on stocks 2

Spatial Computing / AR/VR · 2 stocks
Meta Platforms Inc.
META
▼ NegativeRegulationrelevance

FTC lawsuit alleges Hims & Hers shared health data with Meta, potentially exposing Meta to regulatory scrutiny or liability.

Snap Inc
SNAP
▼ NegativeRegulationrelevance

FTC lawsuit alleges Hims & Hers shared health data with Snap, potentially exposing Snap to regulatory scrutiny or liability.