Jim Cramer Says "Meta's Been Quiet"

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks that received Jim Cramer’s latest comments. Cramer noted the stock’s recent rally, and the Mad Money host remarked:

“Meta’s been quiet, but it took off today, up 3% on the back of a Wall Street report suggesting the decline’s overdone. I agree with that.”

Meta Platforms, Inc. (NASDAQ:META) develops social media, messaging, and communication products, including Facebook, Instagram, Messenger, Threads, and WhatsApp. Additionally, the company creates virtual, augmented, and mixed reality hardware and software. During the November 14 episode, an investing club member asked if they should come back to Meta Platforms, Inc.’s (NASDAQ:META) stock later, and Cramer responded:

“No, I think that Meta is what Alphabet was about a year ago. I totally believe in what Mark Zuckerberg is doing. He did say he is going to spend a lot of money, but… I would do the exact same thing because that way, I don’t have Sam Altman coming after me from OpenAI. He has got a moat and he’s defending it, and I think he’s a brilliant business person. I like him very much.”

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