Cramer: Facebook would no longer be a growth stock if its disastrous guidance becomes the new normal
https://www.cnbc.com/2018/07/30/cramer-facebook-no-longer-a-growth-stock-if-weak-revenue-persists.html
Facebook should not be considered a growth stock anymore if the social network's disastrous revenue guidance were to become to the new normal, CNBC's Jim Cramer said Monday.
"You have a company that has expenses going up dramatically ... [and] revenues are decelerating dramatically," said Cramer, whose charitable trust had previously cut its Facebook holdings in half. "That's the prescription for a short sale."
Cramer: Facebook would no longer be a growth stock if its disastrous guidance becomes the new normal
Jul 30, 2018, 3:20pm UTC
https://www.cnbc.com/2018/07/30/cramer-facebook-no-longer-a-growth-stock-if-weak-revenue-persists.html
> Facebook should not be considered a growth stock anymore if the social network's disastrous revenue guidance were to become to the new normal, CNBC's Jim Cramer said Monday.
> "You have a company that has expenses going up dramatically ... [and] revenues are decelerating dramatically," said Cramer, whose charitable trust had previously cut its Facebook holdings in half. "That's the prescription for a short sale."