Friday, April 19

Tag: live video

Zoom to Pay $85M for Privacy Violation
News

Zoom to Pay $85M for Privacy Violation

California, Aug 3, 2021: Video Conferencing platform Zoom will pay $85 million to settle a lawsuit alleging that weak privacy controls open the personal information of users for outsiders to disrupt video meetings during the start of the pandemic. Millions of people in the U.S. who have used Zoom since March 31, 2020, could be eligible for a slice of the settlement that was reached over the weekend. The payment amounts are expected to average $34 or $35 for those who subscribed to Zoom's paid version, and $11 or $12 for the overwhelming majority who used the free version, based on estimates in court documents. Zoom was bedeviled by security issues early last year after stay-at-home orders transformed the company's videoconferencing service from a niche product into a cultural phenom...
Info Edge invests $6.33 million in Bulbulive Shopping Network
FUNDING

Info Edge invests $6.33 million in Bulbulive Shopping Network

New Delhi, Jul 28, 2020: Info Edge invested about USD 6.33 million (about Rs 47.3 crore) in Bulbulive Shopping Network. Bulbul is a video and Livestream-led commerce platform that aims to make online shopping engaging and social while offering consumers the opportunity to discover new products. "The IE Venture Fund I have acquired/agreed to acquire 416 ordinary shares and 2002 series A1 compulsorily redeemable convertible preferred shares, through a mix of the primary and secondary mode of acquisition," Info Edge said in a regulatory filing. Upon successful closing of the said acquisition of shares, the aggregate shareholding of the company in the said entity would be around 17.82 per cent on fully converted and diluted basis. "This is part of a larger round of about USD 8.7 m...