The payout was not pennies and this case had been around since 2019, surviving multiple dismissal attempts.

While not an "admission of wrongdoing," it points to some non-zero merit in the plaintiff's case.

No corporate body ever admits wrongdoing and that's part of the problem. Even when a company loses its appeals, it's virtually unheard of for them to apologize, usually you just get a mealy mouthed 'we respect the court's decision although it did not go the way we hoped.' Accordingly, I don't give denials of wrongdoing any weight at all. I don't assume random accusations are true, but even when they are corporations and their officers/spokespersons are incentivized to lie.

>I keep seeing folks float this as some admission of wrongdoing but it is not.

It absolutely is.

If they knew without a doubt their equipment (that they produce) doesn't eavesdrop, then why would they be concerned about "risk [...] and uncertainty of litigation"?

> I keep seeing folks float this as some admission of wrongdoing but it is not.

The money is the admission of guilt in modern parlance.