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Hims & Hers Under Fire from Regulators and Credit Card Giants

Guavy AI Editorial Team
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Hims & Hers faces mounting regulatory pressure as multiple probes and complaints escalate. The company is under investigation by several law firms, including the Law Offices of Howard G. Smith, following a Federal Trade Commission (FTC) lawsuit alleging deceptive privacy practices.

The FTC's July 29 enforcement action accused Hims & Hers of sharing patient data with third-party advertisers via tracking pixels, causing shares to plummet 14.73% to $25.00 on that news.

Visa Inc.'s notice regarding excessive customer complaints in its weight-loss subscription business further dented the company's stock price, falling as much as 7.99% to close at $31.08 on August 24.

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