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.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.