The U.S. Federal Trade Commission (FTC) has initiated a lawsuit against Hims & Hers, citing unlawful sharing of user health information with platforms such as Meta and Snap, as well as deceptive billing practices. Following the announcement, shares of the telehealth company plummeted 10%. The FTC alleges that Hims & Hers misled consumers regarding their privacy and engaged in unauthorized data sharing, prompting both federal and state actions. The company has responded, asserting that the lawsuit overlooks substantial evidence it provided during the investigation.