Cramer's trust sells some Facebook stock: People are 'sick' of the bad headlines

Cramer's trust sells some Facebook stock: People are 'sick' of the bad headlines

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/19/cramer-trust-sells-some-facebook-shares-after-social-data-controversy.html

CNBC's Jim Cramer said Monday his charitable trust sold shares of Facebook in light of the tech giant's latest controversy over the use of its social media data.

Cramer said on "Squawk on the Street" the negative Facebook headlines make investors "sick" of the stock, adding there's some sentiment on Wall Street that Facebook is "the worst of the FAANG's." (FANG is an acronym originally coined by Cramer for Facebook, Amazon, Netflix, and Google-parent Alphabet. Apple was later added to make it, FAANG.)

Cramer's trust sells some Facebook stock: People are 'sick' of the bad headlines

Mar 19, 2018, 3:17pm UTC
https://www.cnbc.com/2018/03/19/cramer-trust-sells-some-facebook-shares-after-social-data-controversy.html >CNBC's Jim Cramer said Monday his charitable trust sold shares of Facebook in light of the tech giant's latest controversy over the use of its social media data. >Cramer said on "Squawk on the Street" the negative Facebook headlines make investors "sick" of the stock, adding there's some sentiment on Wall Street that Facebook is "the worst of the FAANG's." (FANG is an acronym originally coined by Cramer for Facebook, Amazon, Netflix, and Google-parent Alphabet. Apple was later added to make it, FAANG.)