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Stock impact report

'Facebook's stock is bottoming here' as Instagram keeps drawing ad dollars: Jim Cramer [CNBC]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: CNBC
Shares of Facebook could be nearing a trough as Instagram continues to attract advertisers and the company adds to its share buyback program, CNBC's Jim Cramer said Wednesday. I think Facebook, the stock, is ready to bottom. Maybe it already has. Maybe it can go higher as more and more retailers pour money into advertising on digital media platforms, he said. Boosting online advertising is mentioned over and over and over again on practically every retail conference call I've been on, Cramer, host of Mad Money, noted as Facebook's stock gained 2.5 percent intraday before settling up 1.7 percent. And while Facebook's namesake platform is losing steam as consumer tastes evolve, Instagram — which Facebook bought in 2012 — is still drawing advertising dollars, he said. I'm not saying it's the only game in town, Cramer said. But if you want to hit influencers, if you want to get the word out, you've got to do it with Facebook. To better explain why Facebook c Show less Read more
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