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FinanceThe U.S. Federal Trade Commission (FTC), along with Los Angeles County and Utah, filed a lawsuit against telehealth platform Hims & Hers on July 29, 2026. The lawsuit alleges that Hims & Hers shared users' sensitive health information with online advertising companies, including Meta Platforms and Snap, despite promising privacy. The FTC also accused the company of deceptive billing practices, charging users for prescriptions before they had a consultation with a healthcare provider, and making it difficult to cancel subscriptions. Hims & Hers, a major player in the weight loss drug market and provider of telehealth services for erectile dysfunction, hair loss, and mental health, saw its stock drop approximately 12% following the news. The company denied the allegations, calling them baseless and an effort to generate headlines.
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US FTC Sues Hims & Hers Over Health Data Sharing and Billing Practices