Facebook reported adjusted earnings per share of $3.61 on revenue of $29.077 billion, topping analyst estimates. However, the company warned that ad revenue growth would slow "significantly" over the second half of the year.
However, it was Facebook CEO's Mark Zuckerberg's comments on turning Facebook into a "metaverse company" that caught Jim Cramer's attention.
Cramer explains the 'metaverse' and what it could mean for Facebook in the video above.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/29/21