Jim Cramer said Facebook-parent Meta Platforms' most recent quarter is why investors shouldn't always sell stocks that get hammered.
"When companies change their stripes, or when they're incredibly well-managed, or disciplined, or efficient, or when they invent amazing products and reinvent themselves on the fly, you should stick with them," he said.and announced a $40 billion stock buyback Wednesday evening.and committed to cutting costs, with management lowering its expense outlook for the year.
The tech giant's prioritization of efficiency comes after investors worried for months about Meta's pricey investment into the metaverse, sending its stock tumbling. Shares of Meta closed at about $189 a share on Thursday, more than double its 52-week low of roughly $88 in November.owns shares of Meta, also reminded investors that they should buy and sell stocks in stages rather than making hasty, all-or-nothing trading decisions – and that waiting for the bottom is often rewarding.
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