Jim Cramer thinks Facebook CEO Mark Zuckerberg, unlike Micrsoft’s former CEO Steve Balmer, wants to have “more irons in the fire” which explains the social network’s recent acquisitions of Oculus and WhatsApp. Stephanie Link points out that many investors didn’t understand why Facebook bought Instagram, even as its user base grew to 200 million. Cramer says Zuckerberg has already turned Facebook around into a mobile company in one year since the IPO and he trusts his judgement when it comes to acquisitions.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
