CNBC
Hims and Hers shares fall 10% as FTC sues company over data, billing practices
Wednesday, July 29, 2026
The Federal Trade Commission filed a lawsuit against Hims & Hers, alleging the company shared health data with Meta and Snap without proper authorization, charged customers for unwanted subscription renewals, and made cancellation difficult. The company's stock price fell 10 percent following the announcement of the lawsuit. The FTC did not specify the damages sought or provide additional details about the alleged violations in its initial filing.
Original reporting: https://www.cnbc.com/2026/07/29/hims-and-hers-ftc-lawsuit-stock.html