Although it has become one of the most popular online communication platforms in times of a pandemic, Zoom has been facing a number of security problems. In view of the growing Zoombombing attacks and the discovery that the application would be sharing information with Facebook and even with data centers in China, Michael Drieu, one of Zoom's shareholders, decided to sue the company.
In a complaint filed with the Federal Court of So Francisco, Michael Drieu accuses Zoom of hiding information about the security breaches on the platform, advances Reuters. The shareholder claims that the controversy had a negative impact on the company's listing on the stock exchange.
On March 23, the company's shares on the New York Stock Exchange increased by 135%, closing at $ 159.56 each. However, the very next day, Zoom's share began to fall, and at the close of the exchange on April 7, the value of its shares was around 113.75 dollars.
In a CNN interview, Eric Yuan, Zoom's CEO, recently admitted to Forbes' most recent list of billionaires, admitted that the company had some drawbacks, indicating that Zoom was initially designed for organizations and companies. Due to the COVID-19 crisis, we are moving too quickly, said the official. In early April, the CEO left an apology to users on the company's official blog.
It is recalled that the State of New York decided to ban the use of the videoconferencing platform due to several complaints of problems regarding security and privacy issues during the registration process.
The FBI itself warned of the dangers of cybersecurity linked to communication services like Zoom, with several conference complaints being interrupted by pornographic or threatening messages. In March, the platform was accused of sharing analytical data with Facebook even when users did not have an account on the social network.