Zoom Hit With Lawsuit Over Privacy and Security Issues The suit was filed by investor Michael Drieu
in the U.S. District Court for the
Northern District of California. The lawsuit alleges that Zoom failed
to disclose issues with its privacy and security. Drieu claimed that concerns over Zoom’s security
and privacy have affected its stock price. Zoom shares have fallen recently, but they are
still up 67% since the beginning of the year. Zoom stock was up more than 4% on Wednesday
morning, despite news of the class-action lawsuit. As employees continue to work from home
amid nationwide lockdowns, the video conferencing platform, along
with Slack and Microsoft’s Teams app,
have reported customer growth.
