Jim Cramer on Meta: “I Think Mark Zuckerberg Is Being Efficient”

Meta Platforms, Inc. (NASDAQ:META) was among Jim Cramer’s latest stock calls, as he suggested investors balance portfolios with hot and cold stocks. Discussing the company’s recent announcement regarding layoffs, Cramer said:

At the same time, we got hit by big layoffs at Meta today, that came midday. But I think Mark Zuckerberg is being efficient. When the market heard Meta is firing 10% of its workforce, it read that as meaning that the business must be faltering. That’s completely untrue. That’s his style. But the pin action hurt a lot of stocks. They didn’t all recover. He’s efficient.

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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 virtual and augmented reality products. Montaka Global Investments stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q1 2026 investor letter:

The strength of an investment opportunity depends on the price at which you can acquire current and future earnings power. We see many instances today of strong competitive advantages being offered by the market at highly-attractive prices. Based on Montaka’s internal assessments, here are several:

Meta Platforms, Inc. (NASDAQ:META) — Towards the end of March, Meta’s stock price hit US$526 per share, a level that implies an enterprise value (EV) multiple of less than 13x 2026 earnings before interest and tax (EBIT7). We assess this valuation multiple is far too low for a business growing revenues faster than 20% per annum and with competitive advantages as strong as Meta’s.

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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