Jim Cramer and SunTrust Analyst Bob Peck on Facebook Live’s Future

SunTrust analyst Bob Peck told TheStreet's Jim Cramer that Facebook (FB) - Get Report  Live could be a threat to traditional television. 'Facebook isn't trying to create a new cable network,' he said, adding that they want people to consume long-form and live content on Facebook. Beck also said Facebook Live could hurt Twitter's (TWTR) - Get Report  Periscope.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.