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Jim Cramer: There Are Other Companies That Are Not Zoom

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Zoom went down on Monday.

The company said, on Monday afternoon, that it had resolved the issues that prevented many users from being able to access meetings and webinars for much of the morning.

On its service status page, Zoom reported at 12:37 a.m. ET that "We have resolved the issue causing users to be unable to start and join Zoom Meetings and Webinars. Users are now also able to sign up for paid accounts, upgrade, and manage their service on the Zoom website." And at 1:10 p.m. PT, it said that it had resolved further issues with meetings, webinars and accessing accounts. It said it first received reports of problems at 8:51 a.m. ET.

Web tracker Down Detector had documented almost 17,000 reports of issues with the platform as of 10 a.m. ET.

The stock was down in intraday trading, but the stock is up over 200% in the past year. 

And Zoom has become essential for many from teachers to various companies, so what does it mean for investors when the service is down?

Jim Cramer has some thoughts about our reliance on Zoom in the video above. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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