The U.S. Federal Trade Commission sued Hims & Hers alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices.
Why it matters
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. Hims & Hers stock added to losses after the news and was trading down around 12%.
