Jim Cramer Overcome With Emotion as He Apologizes For Being Wrong About Meta

Jim Cramer Overcome With Emotion as He Apologizes For Being Wrong About Meta

CNBC’s Jim Cramer was overcome with emotion as he apologized for being wrong about Facebook’s parent company, Meta.
Meta stock over the past month has plunged as it was $138.61 on Oct. 3, the first day of trading this month, to just over $98 on Thursday.

The company’s revenue decreased in the third quarter. In June, Cramer encouraged viewers to buy Meta stock. However, during Thursday’s Squawk on the Street, Cramer broke down.

“I made a mistake here. I was wrong. I trusted this management team. That was ill-advised. The hubris here is extraordinary and I apologize,” he said.

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