Publish date:

Jim Cramer on Facebook: It's Terrific Once It Settles Down

TheStreet's Jim Cramer shares his thoughts on Facebook's stock, which is trading down over 6 percent on Wednesday.
Author:

TheStreet's Jim Cramer shares his thoughts on Facebook's stock, which is trading down over 6 percent on Wednesday. Facebook has unveiled a five year plan, but the costs to get to where the company wants to be are significant. However, the stock jumped ahead of the quarter, prompting Cramer to advise trimming some shares in order to buy them back at a lower price, which is exactly what's occurring. He says not to worry about the expenses, as the company will reign them in. Cramer says the stock looks terrific once it settles down, but not until then. Shares of the social media giant are up 38.7 percent since the start of the year.

TheStreet Recommends