Zoom service threatened by court

In 2011, Zoom Video Communications was founded, which provides remote conferencing services using cloud computing. Recently, the Zoom service began to gain rapid popularity, which successfully affected the company itself. And in the context of the massive transition to distance learning, work, in connection with the coronavirus pandemic, Zoom has become one of the most popular services, showing growth. But not everything is as radiant as it seemed at first. Shareholder Zoom Video Communications Inc. Michael Drieu filed a class action lawsuit in which he accused the company of fraud and security problems, which was the reason for the low growth of Zoom shares. In the lawsuit, the company and higher officials were accused of improper software encryption, vulnerabilities for hackers, as well as transferring personal data of users to third parties, including Facebook. And more recently, there was information that thousands of user videos left without passwords leaked to the network. The materials contained personal data, video lessons, consultations, sessions related to therapy and the like. Recall that in January 2020, the company's shares were worth about $ 70, in March they soared to $ 160, and in April fell to $ 117. And all this is due to Zoom security issues. Zoom Video Communications has already acknowledged its mistakes and said that the best specialists of the company are doing everything possible to resolve the problem. Nevertheless, senators in the United States have already been asked to refuse to use the Zoom service.