Hims & Hers drops 22% on Amazon competition concerns (update)

seekingalpha
15 Nov 2024

4kodiak/iStock Unreleased via Getty Images

Shares of telehealth services provider Hims & Hers (NYSE:HIMS) fell 22% Thursday after Amazon (NASDAQ:AMZN) announced it was entering the hair loss and erectile dysfunction treatment markets through its newly expanded pay-per-visit telehealth service, Amazon One Medical.

Amazon said the

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