Cramer’s Mad Money 10/28 Summary: Facebook, Amazon, Apple, and the metaverse

Never bet on American ingenuity and innovation. Those were Jim Cramer’s thoughts for his Mad Money viewers on Thursday, after listening on Facebook (FB) – Get Facebook, Inc. Class A Report Plans for the metaverse, which included changing the company’s name from Facebook to Meta.

Kramer said Facebook certainly isn’t without its problems. But the whole reason is that he coined the term FAANG, which stands for Facebook and Amazon (AMZN) – Get an, Inc. report., An apple (AAPL) – Get the Apple Inc. report. (AAPL)Netflix (NFLX) – Get a Netflix, Inc. report. (NFLX) and the alphabet (The Google) – Get the Alphabet Inc Class A reportBecause these companies are constantly reinventing themselves. Facebook on Thursday proved why it deserves to be a part of FAANG.


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