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TheStreet: Facebook Cloud Could Last a Few Days says Jim Cramer

May 26, 2023
in Trade Tube
Reading Time: 1 min read
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Facebook will face pressure over the next few days over its ad-inflation scandal, but probably not much longer than that, said TheStreet’s Jim Cramer. Shares of Facebook are down Friday after the company exaggerated the average viewing time for advertisement videos on its website. The social media company said that for the past two years it has been factoring in video views of three seconds or more, artificially inflating the average time people spend watching ads. The Menlo Park, CA-based company disclosed this on its “Advertiser Help Center” page a few weeks ago.

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