Jim Cramer Says Meta’s Underage Lawsuit Court Outcome Was a Close Call
Jim Cramer argues Meta must raise capital expenditures to defend its social media moat, despite skepticism after the move. Daily and monthly active people rose 7% and 6%, but Q2 EPS fell 13% and operating margin dropped to 31%. Capital spending jumped 88% while free cash flow fell 91%. The firm also agreed to pay $18 billion over underage social media use lawsuits.