NEW YORK (TheStreet) -- TheStreet's Jim Cramer says Facebook  (FB - Get Report) stock is dropping Wednesday in part because investors don't like the social media giant's five-year plan, which includes tremendous growth.

Cramer says the company is spending so much money to get where they have to be that people are saying the expenses are out of control and the revenues are no longer what they want. But he disregards this as "all noise."

Cramer notes the stock surged ahead of the quarterly report earlier this week, at which point he suggested trimming some shares in order to buy them back at a lower price. This is exactly what's happening right now.

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Cramer advises investors not to worry about the expenses because Facebook will reign them in, and he also says the revenue will be there. He says Facebook is terrific once it settles down, but not until then.

The stock was down 6.03% to $75.90 at 2:39 p.m.

Separately, TheStreet Ratings team rates Facebook as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate FACEBOOK INC (FB) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation."

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