--- title: "Stock Analyst Cries on TV Because He Recommended Facebook Stock" description: "Jim Cramer, the loud and brash host of CNBC's \"Mad Money\" stock tips show, feels bad for telling viewers to buy Facebook stock." date: "2022-10-29" modified: "2022-10-29" authors: - name: "Frank Landymore" job_title: "Contributing Writer" link: "https://futurism.com/authors/flandymore" url: "https://futurism.com/the-byte/jim-cramer-tears-facebook" categories: - "Future Society" tags: - "facebook" - "mark zuckerberg" - "Meta" - "the digest" --- # Stock Analyst Cries on TV Because He Recommended Facebook Stock ![Jim Cramer, the loud and brash host of CNBC's "Mad Money" stock tips show, feels bad for telling viewers to buy Facebook stock.]() *\Image: Noam Galai via Getty / Futurism\* ## The Tragedy of Jim Cramer Jim Cramer, the host of *CNBC's* market analysis TV show "Mad Money," has made a name for himself with his brash personality. He'll loudly rant and tirelessly shout, blast corny sound effects, and — in his heyday — [throw stuff around]() like a toddler having a temper tantrum. So when he all of a sudden starts crying on national television about Facebook stock, things must be pretty bad — even for a guy whose advice has become so maligned in some circles that there's [a whole ETF]() dedicated to betting against his stock picks. Cramer was previously all in on [Meta-formerly-known-as-Facebook](). He's been a [consistent advocate]() for the Mark Zuckerberg-run company, despite its stock continuously plummeting this year following the company's pivot into a [janky VR metaverse](). On Thursday morning, its stock [went in free-fall](). So on that day's broadcast, Cramer got vulnerable. "Let me say this: I made a mistake here. I was wrong," he said while almost choking on his own words. "I trusted this management team," Cramer continued. "That was ill-advised. The hubris here is extraordinary, and I apologize." "OK," replied his cohost, awkwardly. https://twitter.com/WatcherGuru/status/1585684156188688384 ## Trust No One But Cramer's contrition didn't end there. According to him, his key mistake was not trusting himself. "What did I get wrong? I trusted them, not myself," he said. "For that I regret..." he swallowed a sob. "I come out here and try to help people everyday," he later added. "And I failed to help people. And I own that." To be fair, we'd be crying too if we were all in on the colossal train-wreck that Facebook has become. So far, Zuck's metaverse crusade has incurred his company the biggest [single-day market value plummet in history]() of over $250 billion, and [widespread derision](). Of course, it's his employees that'll suffer the most for his stubbornness, with [mass layoffs reportedly impending]() and interns even getting their [internships rescinded](). Honestly, if Zuckerberg had any shame, he should probably be crying on TV, too. But then again, maybe he'll prove all his detractors — even Cramer, now — wrong in the end. **More on Facebook:** [Facebook Investor Warns Zuckerberg That Metaverse Investments Are "Terrifying"]() ## Author At Futurism, my work has often centered on bringing a sense of clarity and insight to complex topics ranging from the regulation of emerging technologies to the esoteric ideologies of Silicon Valley executives, while striving not to lose the poetic sense of awe inspired by often-obscure fields like astrophysics and quantum computing. I broke the story of CNET using AI to produce articles that turned out to be riddled with factual errors and plagiarism — a dam-breaking inflection point, as I've reported, that's inspired copycats and endless discourse while beguiling stakeholders ranging from tech giants to purveyors of spam around the web. My work at Futurism has been cited by publications including CBS News, the Los Angeles Times, Vice, Gizmodo, Engadget, the Verge, and Vanity Fair. I grew up in locales ranging from India to China, and now live in the exotic suburbs of Virginia. In my free time, I'm an avid reader of weird sci-fi literature, an aficionado of East Asian cinema, and, regrettably, a relapsed gamer. Allegedly, I’m working on a debut novel, currently untitled. ### Author social links [Bluesky]()