Just when it looked like Zoom‘s getting its act together, the company‘s troubles got bad to worse. Yesterday, one of its shareholders sued the company in the US for “overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.” According to a report by Reuters, shareholder Michael Drieu said in the court filing that media coverage around these privacy issues tanked the company‘s stocks. In the midst of general market chaos, the share price for Zoom Video, the company behind the app, skyrocketed from around $70 at the start of the year to an all-time high of $159.56…
This story continues at The Next Web
Or just read more coverage about: Security
Zoom sued by shareholder after security issues tanked its stock price
The Next Web
0 shares
1 views
You might like
Related news coverage
Zoom quietly retracted a claim that it had 300 million daily active users, and it spotlights a huge area of confusion about its business (ZM)
Business Insider
· Zoom quietly revised a blog entry to clarify that it has 300 million daily meeting participants — not 300 million daily active..
-
NA Proactive news snapshot: VolitionRx, Gevo, CytoDyn, Clean Coal Technologies, Algernon Pharmaceuticals... UPDATE
Proactive Investors
-
Facebook Hits 2.6 Billion Users, Narrowly Tops Q1 Revenue Estimates
The Wrap
-
NA Proactive news snapshot: Algernon Pharmaceuticals, EuroLife Brands, ImagineAR, CB2 Insights …
Proactive Investors
-
COVID-19 And OPEC+ Deal – Analysis
Eurasia Review
Advertisement
More coverage
Insiders share how the NFL draft and other live events are adapting to remote production, as the industry scrambles to create compelling virtual experiences for fans
Business Insider
· With major events being postponed or cancelled, content producers and artists are scrambling to create virtual streaming..
The best smart doorbells
Business Insider