Jim Cramer Bullish On Facebook

Jim Cramer of CNBC and The Street enthusiastically clicked the like button when it came to Facebook, praising the social network in a video posted on Nasdaq’s website.

Cramer said of Facebook:

The growth is there. Obviously, native advertising for them is doing very well.

This company has a runway that’s so much bigger than any other company I deal with. They’ve got to be pretty excited over there.

This is what Goldman was like. This is the best-run company. It’s a combination of Navy SEALs, the best guys at Goldman, the best guys from MIT, the best guys from Caltech. We tended to think it was just this fly-by-night outfit because of the terrible IPO, because of the way (Facebook Co-Founder and CEO Mark) Zuckerberg looks. Steve Jobs never dressed well. He never put shoes on. This is the real deal.

It feels like Google when it first became public. Google was mispriced at the beginning, and Facebook was mispriced at the beginning — Facebook too high and Google too low. Facebook has found this equilibrium.

Readers: What did you think of Cramer’s comments?



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