TheStreet's Jim Cramer says sometimes a company reports a quarter that is so good, investors want to get out, and this is the case with Facebook. Cramer argues the stock is still cheap based on 2016 numbers. On the conference call Facebook said it will not be able to maintain its current level of growth. Cramer feels it was "under-promise, over-deliver" and he does not believe growth is slowing at Facebook. However, Cramer says the market is speaking loudly and the stock is getting killed.

undefined

More from Video

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around

The Chart Professor: Worried About United Technologies Right Here

The Chart Professor: Worried About United Technologies Right Here

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer