Jim Cramer on Meta CEO: "I Would Never Bet Against This Man"

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer shed light on. Cramer had quite positive things to say about the company’s CEO, as he said:

“I don’t want to be presumptive, but let me fill you in on what I think Zuckerberg’s doing here and more important, why I think he is dead right, and the stock’s a buy now that it’s pulled back so hard from its highs. First, let me just say that in How to Make Money in Any Market, I wrote with great respect about Meta. We bought Facebook for the Charitable Trust way back after its busted IPO, and we haven’t wavered our support for Mark Zuckerberg since. He’s an uber-competitive genius with a stellar track record, so I would never bet against this man.

My belief is that Zuckerberg’s spending so aggressively because he wants to maintain, improve, and grow his social initiatives worldwide and doesn’t want to lose his dominance in that incredibly lucrative business. And Meta could easily lose its dominance if it doesn’t continue to innovate and astound, and yes, spend. Who could possibly challenge them? How about the private outfit known as OpenAI… The genius of Zuckerberg is that as long as he spends enough to fend off the competition, Meta can remain the ultimate social media platform for years to come. Call me a buyer.”

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and products in virtual and augmented reality.

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