Jim Cramer Discussed These 18 Stocks As Inflation Dropped

2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders In Q3 2024: 235

Meta Platforms, Inc. (NASDAQ:META) is one of the biggest social media firms in the world. 2025 is off to a colorful start for the firm as it scraps fact-checking for Facebook in the US and adopts a community notes-based model similar to X’s. Meta Platforms, Inc. (NASDAQ:META)’s CEO Mark Zuckerberg’s appearance on the Joe Rogan Experience podcast and his comments about innovation being dead have also attracted Cramer’s attention. Cramer believes that the comments are unwarranted. The CNBC host’s latest comments for Meta Platforms, Inc. (NASDAQ:META) revolved around the firm cutting 5% of its workforce:

“[On why META stock was down] They announced layoffs.”

“I think that, I think the year of living efficiently at Meta wasn’t believed initially the first time. And it was felt that maybe there’s something wrong. And then it’s happened again. I think that this is the way Zuckerberg runs his company. I think he proves the people, we used to talk about this at Goldman. I worked at Goldman. It was like, okay we gotta get rid of the dead wood and then that of course became, not a way to put things. But I think he’s a believer that the bottom ten percent have to go. And that’s the way Wall Street used to be before we all became really soft and nice.”