Hims & Hers falls after report US FTC suing co for sending user health info to Meta, Snap
BUZZ-Hims & Hers falls after report US FTC suing co for sending user health info to Meta, Snap ** Shares of telehealth firm Hims & Hers HIMS.N fall 13.8% to $25.29 in afternoon trading
** The U.S. Federal Trade Commission is suing HIMS alleging that co shared users' health data with online advertisers despite promising privacy and engaged in deceptive billing and cancellation practices, Reuters reports, citing an FTC spokesperson
** The report says user data was shared with companies including Meta Platforms META.O and Snap SNAP.N via interactions with HIMS' website and through tracking technologies
** Hims & Hers also starts charging users for prescriptions before they have had a chance to meet with healthcare providers, the spokesperson says per the report
** Including session's move, HIMS stock down 18% YTD
(Reporting by Padmanabhan Ananthan)
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