Company Overview - Hims and Hers transformed from a startup selling Viagra to a telehealth company valued at almost $11 billion [1] - The company attracted approximately 4 million subscribers, representing about 2.4%, through celebrity-backed ads and virtual doctor prescriptions [1] Strategic Decisions - Hims and Hers entered the weight loss shot market, selling a copycat version at a discount due to shortages of drugs like WGO and Zepbound [2] - The decision to sell compounded weight loss drugs could be costly and polarize investors [3] Financial Performance & Market Reaction - Hims and Hers' stock reached a high of nearly $70 in February 2025 but has since declined [2] - The company's "wild ride" has attracted meme stock investors [3]
How Hims Became the King of Knockoff Weight-Loss Drug #weightloss #health #shorts