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Zoom sued by shareholder for ‘overstating’ security claims

Zoom has been served with another class action lawsuit — this time by one of its shareholders, who says he lost money after the company “overstated” its security measures, which led its share price to tank.
The video conferencing giant has seen its daily usage rocket from 10 million users to 200 million since the start of the coronavirus pandemic, which forced vast swathes of the world to stay and work from home. As its popularity rose, the company also faced a growing number of security and privacy problems, including claims that Zoom was not end-to-end encrypted as advertised.
Zoom’s later admission …

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