On CNBC’s Mad Money, Jim Cramer was indignant concerning what he saw as unfair condemnation of Yahoo CEO Marissa Mayer. Since 2012, he noted, Yahoo’s stock has tripled in value, while she inherited a company that had its woes. In addition, she has managed to hang on to a significant stake in the Alibaba spinoff.
Twitter CEO Dick Costolo was “incoherent, ” according to Cramer on his company’s conference call. While Twitter’s earnings seemed alright at first glance, the stock was savaged, down double digits, because of tepid guidance due to slowing user rates and higher ad prices. Cramer says he is tired of seeing misplaced criticism against Mayer and apologies on behalf of Costolo; he thinks Costolo’s “free pass” should end.
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