Zoom: lawsuit by a company shareholder

As expected, Zoom has . Yesterday, one of the company's shareholders filed a lawsuit in the US for "overestimating privacy standards and concealing that its service was not end-to-end encrypted".

According to one Publication According to Reuters, shareholder Michael Drieu told the court that the latest media revelations about these privacy issues began to pose problems for the company's share.

Zoom

Through a general chaos in the market brought by his pandemic COVID-19The of stock for Zoom Video, the company behind the app, rose from around $70 at the start of the year to $159,56 on March 23.

Last week, after several reports highlighting the gaps of the app, Zoom CEO Eric Yuan apologized for the company's mistakes. He also stated that the company will stop developing new features the next 90 days to focus on security and privacy.

One of the primary issues that have made the app weird is “Zoombombing”, a practice used by pranksters to enter meetings by displaying porn .

Last month, the FBI released a warning which asked people not to use it .

Many companies and organizations have banned the Zoom app. THE sent an internal document to its employees asking them not to use the app for internal meetings. Earlier this week, New York stopped using the app in classrooms. Taiwan also does not allow government officials to use the platform.

This lawsuit shows that those involved have lost confidence in how the company operates, and it will probably be very difficult for the popular app to rebuild things.

iGuRu.gr The Best Technology Site in Greecefgns

every post, directly to your

Join the 2.100 registrants.

Written by giorgos

George still wonders what he's doing here ...

Leave a reply

Your email address is not published. Required fields are mentioned with *

Your message will not be published if:
1. Contains insulting, defamatory, racist, offensive or inappropriate comments.
2. Causes harm to minors.
3. It interferes with the privacy and individual and social rights of other users.
4. Advertises products or services or websites.
5. Contains personal information (address, phone, etc.).