Why Jim Cramer Thinks the Government's on the Wrong Side of the Big Tech Debate

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There's a bunch of headlines surrounding Big Tech Wednesday.

The Federal Trade Commission (FTC) announced Tuesday night that it was fining Facebook $5 billion. The filing also stated that the FTC was creating an independent privacy committee on its board of directors. 

The news followed another Big Tech announcement from the Justice Department, which stated that the DOJ was going to open a broad antitrust review of Big Tech. 

Jim Cramer weighed in on the DOJ's review of Big Tech.

Cramer referred to the FTC ruling, and said that he had been telling Facebook FB, specifically, to appoint a grownup before the government steps in.  

Here's what Cramer had to say about the ruling?


"We are gonna basically that I how many times did I say [Facebook] better appoint a grownup before the government appoints of grown-up? Guess what? The government's appointing grownups. They're going to bring people in there. They want the board to change. They're going to have to go bring in a Eric Holder, the Tony West, Preet Bharara," said Cramer. 

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