Brody Ford reports:
Zoom Communications Inc. has offered $18 million to settle a four-year-old US Securities and Exchange Commission probe related to its privacy policies and communications.
In the most recent quarter, the company recorded an $18 million expense for a “tentative settlement offer” with the financial regulator, Zoom disclosed Tuesday in a filing. A company spokesperson said the proposal still requires SEC approval.
The SEC first began investigating Zoom’s privacy policies, encryption and calculation of usage metrics in 2020.
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