Zoom Video Communications Inc. has been sued by one in all his shareholders, who accused the US firm of hiding safety and privateness flaws in its app.
Shareholder Michael Drieu, who filed the class-action lawsuit in a California federal courtroom on Tuesday, stated he, alongside others has suffered large losses after the corporate’s inventory fell dramatically, as a result of revelations of its app deficiencies.
The lawsuit got here amid rising considerations over the the favored video-conferencing app’s safety issues, together with accusations that Zoom was not end-to-end encrypted as marketed.
Since the start of the outbreak Zoom’s day by day customers have rocketed from 10 million to 200 million, as lockdown measures internationally have led workers to remain home and endorse teleworking.
In March, Zoom acquired one other lawsuit, after it was discovered that its iOS app had shared information with Facebook, even of customers who didn’t have a Facebook account.
Zoom Chief Executive Officer Eric Yuan has apologised for the shortcomings, acknowledging in a weblog submit the earlier week, that the corporate had fallen wanting expectations over privateness and safety.