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Facebook Has Barely Scratched Surface in Advertising, Jim Cramer Says

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Facebook  (FB)  reported a net income of $9.50 billion, or $3.30 per share, compared with $4.9 billion, or $1.71 per share, a year ago. Revenue totaled $26.17 billion, up 25% from a year ago.

"We had a strong quarter as we helped people stay connected and businesses grow," Mark Zuckerberg, Facebook founder and CEO, said in a statement. "We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy."

Watch Jim Cramer weigh in on Facebook, a name in his Action Alerts PLUS portfolio, in the video above. 

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