CNBC Television published this video item, entitled “Jim Cramer on Facebook’s court victory over the FTC” – below is their description.
A federal court on Monday dismissed the Federal Trade Commission’s antitrust complaint against Facebook, as well as a parallel case brought by 48 state attorneys general, dealing a major setback to the agency’s complaint, which could have resulted in Facebook divesting Instagram and WhatsApp. Shares of Facebook rose more than 4% on Monday following the rulings, sending the social media company’s market capitalization above $1 trillion for the first time. CNBC’s Jim Cramer, Carl Quintanilla and David Faber discuss.
CNBC Television YouTube Channel
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