Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Huawei legal chief Song Liuping told CNBC that the company is in the "early phase" of talks with Verizon over paying royalties.Technologyread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
U.S. President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable."World Economyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
"The people who are selling this thing off that revenue miss did not read the quarter." Cramer said on CNBC's "Squawk on the Street. " "They did not listen to this conference call, which was a thing of beauty," he said.
Cramer made his remarks the day after the social media behemoth reported first-quarter profit of 42 cents per share, 2 cents above consensus estimates. Its revenue, however, was lower than expected at $3.54 billion.
Nevertheless, Cramer added that Facebook's advertising revenue growth potential is the key factor for why investors should hold the stock, since its largest marketing clients are not even spending 5 percent of their budgets on the social network.
"This isn't the first inning. They haven't thrown out the first pitch yet," Cramer said. "Yes, they spent. Why? Because they are building an international cable system in which you're now going to have content."
Facebook operating expenses rose 83 percent last quarter.
The company's stock price dropped about 3 percent in after-hours trading. "I had to go back and listen to the conference call twice to figure out why the stock had dropped two blocks," Cramer added. "There are these algorithms that just sell stocks when they miss by 'x', and they drove it down to $81.78 last night."
Read More Facebook user growth crushes estimates
Facebook shares were down slightly midmorning Thursday.
Disclosure: Cramer's trust owned stock in Facebook when this article was published.