Jim Cramer: I Trust Facebook's Acquisition of Oculus, CEO's Plans

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Jim Cramer: I Trust Facebook's Acquisition of Oculus, CEO's Plans

by TheStreet.com Videos 2:38 mins

Jim Cramer: I Trust Facebook's Acquisition of Oculus, CEO's Plans

by TheStreet.com Videos 2:38 mins

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.

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