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Facebook, Inc. (FB) Message Board

  • larrystone13 larrystone13 Jul 31, 2013 11:11 AM Flag

    Cramer Just Made FB His Biggest Holding. POST

    CNBC By: Paul Toscano 7/31/13
    As Facebook opened for trading above the $38 level for the first time since its IPO, CNBC's Jim Cramer said that the fundamentals for the company are shifting, and the business has entered a "virtuous cycle" in the advertising space.
    Cramer said, "they have the holy grail. No one can reach these millennials. No one can reach the right demo—so to speak—on the Web except Facebook."Cramer praised the company's nonintrusive advertisements, mobile strategy and a "virtuous cycle" in its numbers, where firms will be motivated to choose Facebook over more traditional advertisement mediums.

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