Zoom CEO Eric Yuan has apologised to users, saying he’s taking steps to fix the issues.
A shareholder, Michael Drieu, on Tuesday accused the video-conferencing app maker of overstating its privacy standards and failing to disclose that it had not provided end-to-end encryption for its service. Zoom Video Communications’ shares have lost nearly a third of their market value since hitting record highs in March. But they’re still up 67% so far this year, making them one of the few winners amid the massive market sell-off.
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