Jim Cramer reverses Meta skepticism, recommends buying as company posts 33% growth in latest quarter

Meta posted 33% revenue growth in the last quarter, the fastest pace in five years, with current revenues at $56 billion compared with $29 billion in 2021 when the company last achieved similar growth rates.

The company has 3.5 billion daily active users and is adding large data centers with a capital expenditure budget approaching $150 billion.

Cramer acknowledged his earlier critical stance toward Meta was misguided, stating 'it's time to stop worrying and start buying,' and noted the company is led by Mark Zuckerberg, whose track record in tech gives investors reason for confidence.