Jim Cramer on Meta: “Kind of Ridiculously Cheap If You Like the Management as Much as I Do”

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Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the company’s increased spending as he commented:

“Meta is interesting. It’s up almost 11% for the year, not much, but better than Amazon. Stock sells for 22 times next year’s earnings. That’s kind of cheap, kind of ridiculously cheap if you like the management as much as I do. But it’s also spending like mad, perhaps as much as a hundred billion dollars next year for capital expense. And I’m not even thinking about these huge pay packages the company’s using. No salary cap in tech. Hey guys, go fix that, will you?…

Photo by Alexander Shatov on Unsplash

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and products in virtual and augmented reality.

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Disclosure: None. This article is originally published at Insider Monkey.