The U.S. Federal Trade Commission (FTC) is conducting an ongoing investigation into Hims & Hers Health, Inc. regarding its advertising and subscription cancellation practices. The inquiry, which has been active for over a year, focuses on whether the company has made it unduly difficult for customers to cancel their subscriptions. Hims & Hers has acknowledged the FTC's inquiry, describing recent media reports as a rehash of the ongoing investigation and stating that it supports the FTC's efforts. The probe also includes complaints about the company's advertisements. Industry observers note that the FTC's investigation aligns with broader regulatory scrutiny of telehealth companies and their business practices.
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$HIMS (-2.6% pre) US FTC investigating Hims & Hers over advertising and cancellation practices, Bloomberg News reports https://t.co/nfXPzvHPYC
$HIMS - Hims & Hers reportedly addressed Bloomberg’s report about an FTC probe into its advertising and cancellation practices: “We’ve seen a rehashed story from Bloomberg about an ongoing FTC inquiry. This is the same inquiry as last year, and as we said then, we support the