Zoom settles FTC allegations over its encryption; ZM shares plunge

Zoom Video Communication (NASDAQ: ZM) agreed to settle with the Federal Trade Commission (FTC) over its encryption to secure users’ data on its video conferencing platform. The stock price of the company suffered a steep decline following the announcement of the settlement. ZM shares were down more than 17% to $413.24 each. Zoom is among the … Continue reading Zoom settles FTC allegations over its encryption; ZM shares plunge