Jim Cramer: I Don't Believe Portfolio Managers Will Abandon Facebook Over Metrics

Amid reports of inaccuracies in the metrics of Facebook data that advertisers rely on, TheStreet's Jim Cramer doesn't think that's a reason for portfolio managers to abandon the stock.
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Amid reports of inaccuracies in the metrics of Facebook (FB) - Get Report data that advertisers rely on, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer doesn't think that's a reason for portfolio managers to abandon the stock. "That said, it's down from $132 to $114 and I don't think those metrics are as important as people think," Cramer said. Facebook is a holding of Cramer's charitable trust. Cramer spoke earlier on the floor of the New York Stock Exchange on Wednesday. Facebook shares are up 11.6% year-to-date.