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Meetings are ideal for connecting groups of people together to give everyone a voice and screen to share. These can be for many to many collaborations where everyone has an equal level of participation.
Live events are intended to give one or few people the ability to broadcast to large groups, while maintaining control of the content that is shared across screens and audio. These are meant for one to many communications where the host of the event is leading the interactions and the audience participation is primarily to interact with the content being shared by the host.