Zoom Video Communications (ZM) reached a preliminary settlement on a user privacy lawsuit, agreeing to pay $85 million and improve its security and privacy practices.
Jim Cramer said the agreement is part of the process of Zoom proving it's more than the video-conferencing software that founded the company.
"It's [Zoom] not going anywhere," Cramer said.
Catch his full take in the video above.
Recap TheStreet Live: Everything Jim Cramer Is Watching 8/2/21