'Facebook's stock is bottoming here' as Instagram keeps drawing ad dollars: Jim Cramer

'Facebook's stock is bottoming here' as Instagram keeps drawing ad dollars: Jim Cramer

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/12/12/cramer-facebooks-stock-is-bottoming-thanks-to-instagram-buyback.html

Shares of Facebook could be nearing a trough as Instagram continues to attract advertisers and the company adds to its share buyback program, CNBC's Jim Cramer said Wednesday.

"I think Facebook, the stock, is ready to bottom. Maybe it already has. Maybe it can go higher" as more and more retailers pour money into advertising on digital media platforms, he said.