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Hims & Hers (HIMS) stock tanked on July 29 after the Federal Trade Commission, alongside Utah and Los Angeles County, filed a lawsuit against the telehealth provider. The regulators allege HIMS misled consumers about recurring subscriptions, deliberately obstructed cancellations, and illegally shared private patient health data with ad platforms like Meta (META) and Snap (SNAP).
Hims & Hers shares have rebounded slightly on July 30 and are now down about 32% versus their recent high.
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#hims #utah
2 days ago

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