Zoom Introduces New VR App for Meta Quest Amid Ongoing Legal Challenges

Zoom’s Latest Venture into Virtual Reality

Zoom Video Communications has unveiled a new standalone application designed for the Meta Quest platform, allowing users to participate in meetings as virtual avatars. This app operates independently from Horizon Workrooms and does not provide immersive environments; instead, users’ cartoon-like avatars are displayed on a standard 2D screen during calls.

Features and Reception of the New App

Available for free on the Horizon Store, this application serves as a basic virtual reality alternative to Zoom Workplace. However, as Meta continues to promote the use of virtual avatars, some critics have pointed out that these avatars appear less sophisticated compared to Apple’s Personas featured on the Vision Pro.

Legal Issues from Previous Years

While Zoom explores innovative solutions in the metaverse, the company is still dealing with the repercussions of a privacy controversy that emerged in 2020. Investors in Zoom may have the opportunity to receive compensation related to this scandal.

Timeline of Events

• July 2019: Concerns arise regarding Zoom’s inadequate encryption practices.
• March 2020: Reports surface indicating that Zoom had shared user information with Facebook.
• March 27, 2020: Following the news, Zoom’s stock experiences a sharp decline of nearly 20%.
• May 2020: Investors file lawsuits alleging that the company made misleading claims about its security measures.

Current Status of Legal Proceedings

• Zoom has reached a settlement agreement totaling $150 million.
• Individuals who purchased Zoom stock prior to March 27, 2020, may still be eligible for compensation.
• Claims are currently being accepted, even if submitted late.
• Typically, payouts are processed within 8 to 12 months following court approval.

For further details and to submit a claim for compensation, additional information is available online.

While Zoom’s new avatars represent a fresh development, many investors are still seeking resolution regarding past issues.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.