13 Stock Predictions That Jim Cramer Got Completely Wrong

11. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 54

Cramer discussed Airbnb, Inc. (NASDAQ:ABNB) in the context of weakness at its competitor, Expedia’s Vrbo. He believed technical issues at Vrbo would directly benefit Airbnb at the time. Here’s what he said back then:

“I’m expecting a terrific quarter from Airbnb—but that’s after listening to Expedia’s conference call last night where they talked about Airbnb’s competitor Vrbo having some technical issues that really hurt business. Hey look, what’s bad for Vrbo is most likely good for Airbnb.”

Cramer’s belief that Airbnb, Inc. (NASDAQ:ABNB) would benefit from Vrbo’s missteps didn’t materialize, as the stock slid 21.80%.

The tech rental company has been struggling since, and Cramer complained about capital outflows from the travel industry. Here’s what he said earlier in April:

“Well, I know that there’s a lot of questions about going out to dinner and going out to dinner, the restaurants that charge too much, not good. The travel boom. Many people feel is over. . .if it’s the airlines, AirBnb has still held up relatively, but Marriott has started to come down. This group is rolling over, but it’s a little self-fulfilling in the sense that you know David, once you get, one of them down, people just say I’m getting out all of them.”