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Cramer: Facebook would no longer be a growth stock if its disastrous guidance becomes the new normal

Cramer: Facebook would no longer be a growth stock if its disastrous guidance becomes the new normal

6 years ago
Anonymous $oIHRkISgaL

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."

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