Cramer: Sacca Twitter note ‘misinterpreted’

Cramer: Chris Sacca's been misinterpreted
Cramer: Chris Sacca's been misinterpreted   

CNBC's Jim Cramer said Thursday the wave of criticism that has come Chris Sacca's way following the release of his Twitter note is unwarranted.

On Wednesday, the social site's largest shareholder released a note detailing Twitter's shortcoming and its potential for growth, noting that one key component lies in its live streaming app Periscope.

"I think a lot of people have misinterpreted the note," Cramer said on "Squawk on the Street." "I think people talked about it without reading it. ... It's incredibly positive about Twitter; there's nothing negative about Twitter in this."

Read More Twitter would be 'instant fit' for Google: Chris Sacca

Nevertheless, Twitter CFO Anthony Noto defended the company's current strategy at its shareholder meeting. "We're taking a very prudent approach that's not unconstrained, but that ensures we're investing at the right level," Noto said Wednesday.

Disclosure: Cramer's trust owned Twitter stock when this article was published.