3 ms·

Glad to continue seeing regular reminders of what failed economic and legal systems look like in my very own backyard.

by for1nner 5y ago

edrxty 5y ago
Do you mind expanding on what you mean?
- eurasiantiger 5y ago
  The lawsuit awards less than $1 per Zoom user. Granted it only concerns US users so this figure is not strictly correct, but it shows privacy in a global service is a central problem that cannot be litigated for in a specific jurisdiction.
- ezconnect 5y ago
  Corporation illegal and unethical actions have no consequences. In his country as long as you have money you are pretty much untouchable.
- for1nner 5y ago
  Sure! Zoom made over $600M in profits in 2020 alone.[1] This awards members of the class at most $25 - which might materially mean something to an individual (unlikely), but is virtually nothing; furthermore as an accounting line item for Zoom, this is literally not worth batting an eye at. Yes there will be knock on effects of "better training" and scrutiny of messaging/security both internally and externally, but it will effect practically 0 change to their overall bottom line or revenue/profit projections, and there is obviously no legal precedent set or oversight changes that will aid end users moving forward. yay. What does all of that cost? $21M[2] to law firms. I won't go into the insanity and inanity of billable hours and the profit machine of law in this country, but that point is simply to underscore that those legal firms are the second winners in this. Despite their position and goal - ostensibly and in name only - of aiding the members of the class in seeking a just and fair reward for wrongdoing and bad faith by Zoom. Meanwhile, as others have commented, reputations and contracts have been burned and sullied, and doubtless money lost along with that, but our legal system is not interested in trying to attach responsibility or reparation to those effects (because they can't necessarily be proven as fault of Zoom). So the ultrarich get ultraricher. [1]https://www.sec.gov/ix?doc=/Archives/edgar/data/1585521/000158552121000048/zm-20210131.htm#ia236e241e3d24ef38336aae04f576242_106 https://www.sec.gov/ix?doc=/Archives/edgar/data/1585521/0001... [2]https://www.reuters.com/article/zoom-settlement-idUSKBN2F30WC https://www.reuters.com/article/zoom-settlement-idUSKBN2F30W...

Glad to continue seeing regular reminders of what failed economic and legal systems look like in my very own backyard.

edrxty 5y ago

Do you mind expanding on what you mean?

eurasiantiger 5y ago
The lawsuit awards less than $1 per Zoom user. Granted it only concerns US users so this figure is not strictly correct, but it shows privacy in a global service is a central problem that cannot be litigated for in a specific jurisdiction.
ezconnect 5y ago
Corporation illegal and unethical actions have no consequences. In his country as long as you have money you are pretty much untouchable.
for1nner 5y ago
Sure! Zoom made over $600M in profits in 2020 alone.[1] This awards members of the class at most $25 - which might materially mean something to an individual (unlikely), but is virtually nothing; furthermore as an accounting line item for Zoom, this is literally not worth batting an eye at. Yes there will be knock on effects of "better training" and scrutiny of messaging/security both internally and externally, but it will effect practically 0 change to their overall bottom line or revenue/profit projections, and there is obviously no legal precedent set or oversight changes that will aid end users moving forward. yay. What does all of that cost? $21M[2] to law firms. I won't go into the insanity and inanity of billable hours and the profit machine of law in this country, but that point is simply to underscore that those legal firms are the second winners in this. Despite their position and goal - ostensibly and in name only - of aiding the members of the class in seeking a just and fair reward for wrongdoing and bad faith by Zoom. Meanwhile, as others have commented, reputations and contracts have been burned and sullied, and doubtless money lost along with that, but our legal system is not interested in trying to attach responsibility or reparation to those effects (because they can't necessarily be proven as fault of Zoom). So the ultrarich get ultraricher. [1]https://www.sec.gov/ix?doc=/Archives/edgar/data/1585521/000158552121000048/zm-20210131.htm#ia236e241e3d24ef38336aae04f576242_106 https://www.sec.gov/ix?doc=/Archives/edgar/data/1585521/0001... [2]https://www.reuters.com/article/zoom-settlement-idUSKBN2F30WC https://www.reuters.com/article/zoom-settlement-idUSKBN2F30W...