“It’s Been a Bust,” Says Jim Cramer About StubHub (STUB)

We recently published 10 Stocks Jim Cramer Talked About & Revealed Why He’s Critical Of OpenAI. StubHub Holdings, Inc. (NYSE:STUB) is one of the stocks Jim Cramer talked about.

StubHub Holdings, Inc. (NYSE:STUB) is an online ticketing marketplace. Its shares closed a whopping 20.9% lower yesterday, with media reports attributing the dip to the firm not providing its fourth-quarter guidance. Cramer discussed StubHub Holdings, Inc. (NYSE:STUB)’s move in detail and in the context of his year of magical investing:

“As part of that former year of magical investing, companies came public and they seemed interesting. But they tended to be a little more risky than we thought. StubHub, CNBC, good article, stock tanks 20%. As CEO says it’s not giving guidance for the current quarter. Now, Warren Buffett didn’t give guidance either. . .this is what happens when you report an okay quarter, you come public and you don’t really have a great story to tell. And then you don’t give guidance right out of the shoot. Now, I am absolutely sure there’s value here at some point. It’s just that, it’s been a bust and when you become a busted IPO, it’s very hard to change the narrative so to speak. You can read what the company says and you think, wow, this is like the greatest story ever told.”

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Disclosure: None. This article is originally published at Insider Monkey.