Iron Balls McGinty has entered the chat

Zoom to pay $85M for lying about encryption and sending data to Facebook and Google:

The proposed settlement would generally give Zoom users $15 or $25 each and was filed Saturday at US District Court for the Northern District of California. [...]

The class lawyers would get attorneys' fees of up to 25 percent of the $85 million and up to $200,000 for reimbursement of expenses. [...]

With the pandemic boosting its videoconferencing business, Zoom more than quadrupled its annual revenue from $622.7 million to $2.7 billion in the 12 months ending January 31, 2021. Zoom also reported $672 million in net income for the 12-month period, up from $25.3 million the previous year. Zoom is on pace for even better results this year, having reported Q1 (February-April) revenue of $956.2 million and net income of $227.5 million.

So the entire payout for this settlement is 4% of the amount by which their revenue increased in 2020.

A fine is a price.

Zoom users relied on the company's promises that "Zoom does not sell users' data" and that "Zoom takes privacy seriously and adequately protects users' personal information," the lawsuit said. [...]

The settlement "requires Zoom to not reintegrate the Facebook SDK for iOS into Zoom meetings for a year" and to ask Facebook to "delete any US user data obtained from the SDK."

"Ask". Uh huh.

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