Hims & Hers sent users’ health data to social media giants despite promising privacy, bombshell FTC lawsuit claims

The FTC has filed a lawsuit in California federal court against Hims & Hers for sharing users' health data with Meta and Snap. This action follows claims that the company violated its own privacy promises regarding sensitive information. Following the news of the legal proceedings, Hims & Hers stock experienced significant losses, trading down approximately 12%. The lawsuit focuses on the unauthorized transmission of health data to social media giants despite previous assurances of user privacy.