There was a time not long ago that Meta was a total garbage stock.
Cramer the permabull, who of course had hyped the stock at vastly higher prices, couldn’t take it anymore, so on October 28, 2022, he broke down, weeping, apologizing to his viewers for making a “mistake” and “getting it wrong.” As you can see on the video, the stock was $100 per share.
Cramer apologizing for being wrong on Meta in 2022— now the stock is up 400%
byu/sailhard22 inwallstreetbets
He tweeted this as well, in case his point of view needed clarification:
Four trading sessions later, the stock made a generational bottom. I think you know what came next.
Given this nearly 400% rise in just over a year’s time, Cramer has, to his credit, tweeted out a pretty extensive mea culpa and is really owning up to what happened.
Just kidding. He’s rambling on about something he knows nothing about, but heard some spiffy new tech term he thought he’d cut and paste. That’s his META remark of the day.
