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Home›US Markets›Equities›Hims and Hers shares fall 10% after FTC lawsuit

Hims and Hers shares fall 10% after FTC lawsuit

Reported · Written up by our desk · Equities

CNBC Markets reports that Hims & Hers shares dropped about 10% following a lawsuit from the US Federal Trade Commission tied to alleged data and billing practices.

The FTC lawsuit alleges the company shared health data with Meta and Snap, according to CNBC Markets.

The complaint also focuses on billing practices and subscription cancellations, as outlined in the report.

The stock move reflects market reaction to the regulator action described by CNBC Markets.

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Sources

CNBC MarketsHims and Hers shares fall 10% as FTC sues company over data, billing practices

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