Jim Cramer Says "I Think Meta is Bumping Up Against That 8 Billion Person Limit"

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently provided insights on. Cramer showed interest in the company’s potential AI capabilities, and said:

“Second is Meta Platforms. Now, we need to hear all sorts of metrics like family daily active people and family average revenue per person. I know it sounds silly, but last quarter’s DAP… was 3.48 billion. I think Meta is bumping up against that 8 billion person limit because that’s all the people we have on the planet… We’re looking for $14 for average revenue per person… What do I want to hear? I want to hear an upbeat stern Zuckerberg who talks about his competitive advantage in AI and power.

It would be tremendous if he talked about how small to medium-sized businesses have abandoned all other ways of advertising except his company and maybe two others that he doesn’t have to mention. It would be amazing if he talked about how the Meta glasses… are a great way to convey artificial intelligence, and they’re actually a needle mover now, no longer a curiosity.”

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through its family of apps, including Facebook, Instagram, WhatsApp, Messenger, and Threads. In addition, the company builds virtual and augmented reality products.

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Disclosure: None. This article is originally published at Insider Monkey.