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    1.7 tons of beef product recalled due to possible E. coli contamination

    1.7 tons of beef product recalled due to possible E. coli contamination

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

  • NYSE
    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

  • NASDAQ
    Nikola to sell stock at 20% discount to record low price

    Nikola to sell stock at 20% discount to record low price

    Zions Bancorp N.A. stock falls Thursday, underperforms market

    Zions Bancorp N.A. stock falls Thursday, underperforms market

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    Helbiz Stock Plunges on Reverse Split, New Business Model

    Micron Tech Expected to Post 2Q Loss, Lower Rev

    Micron Tech Expected to Post 2Q Loss, Lower Rev

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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  • News
    1.7 tons of beef product recalled due to possible E. coli contamination

    1.7 tons of beef product recalled due to possible E. coli contamination

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    Encavis Shares Fall on Lower 2023 Revenue Guidance, Lack of Dividend

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    US Opens Investigation Into Tesla Seat Belts Coming Loose

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

    Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial

  • NYSE
    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    DICK’S Sporting Goods (NYSE:DKS) Seems To Use Debt Quite Sensibly

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    Cadence Bank (NYSE:CADE) Reaches New 1-Year Low After Analyst Downgrade

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

    New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

  • NASDAQ
    Nikola to sell stock at 20% discount to record low price

    Nikola to sell stock at 20% discount to record low price

    Zions Bancorp N.A. stock falls Thursday, underperforms market

    Zions Bancorp N.A. stock falls Thursday, underperforms market

    Helbiz Stock Plunges on Reverse Split, New Business Model

    Helbiz Stock Plunges on Reverse Split, New Business Model

    Micron Tech Expected to Post 2Q Loss, Lower Rev

    Micron Tech Expected to Post 2Q Loss, Lower Rev

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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Zoom agrees to $85 million settlement in privacy lawsuit

Editorial Staff by Editorial Staff
August 2, 2021
0
Zoom agrees to $85 million settlement in privacy lawsuit

Company also agrees to crack down on those who ‘Zoombomb’ meetings

Zoom Video Communications Inc. has agreed to pay $85 million and improve its security practices as part of a preliminary settlement to a two-pronged lawsuit filed against it over privacy violations and so-called “Zoombombing.”

According to a federal court filing Saturday, Zoom’s paid subscribers who are part of the class action will receive 15% refunds or $25, whichever is greater, while Zoom’s free users can receive $15. Zoom ZM, -2.05% also agreed to give its employees specialized training on handling user data and privacy, to alert users when third-party data-sharing apps are used during meetings, and to develop user-reporting and security features to prevent unauthorized people from accessing meetings.

The settlement still must be approved by U.S. District Judge Lucy Koh of San Jose, Calif.

The lawsuit claimed Zoom improperly shared data without users’ consent with other companies, such as Facebook Inc. FB, -0.56%, Alphabet’s GOOGL, -0.77% GOOG, -0.97% Google, and Microsoft’s MSFT, -0.55% LinkedIn, and that it did not do enough to prevent “Zoombombing,” in which hackers disrupted meetings, often by posting pornography or racist language.

Zoom denied wrongdoing in the settlement, and said in a statement Sunday: “The privacy and security of our users are top priorities for Zoom, and we take seriously the trust our users place in us.”

Zoom shares are up 12% year to date, and up nearly 50% over the past 12 months, compared with gains of 17% and 34%, respectively, by the S&P 500 SPX, -0.54% over those periods.

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