Reported about 15 hours ago
Zoom Communications Inc. has put forward an $18 million settlement to resolve a nearly four-year-long investigation by the U.S. Securities and Exchange Commission (SEC) regarding its privacy practices and communications. This offer, disclosed in a recent filing, is pending SEC approval and follows scrutiny that began in 2020 amidst a surge in Zoom's usage during the pandemic. The company has been working to address privacy concerns, having previously settled with the Federal Trade Commission over misleading user information, and has recently rebranded to emphasize its expansion beyond videoconferencing.
Source: YAHOO