A graphic designer at Dogecoin DOGE/USD drew a compelling parallel between mainstream media's critiques and Jim Cramer — and Elon Musk couldn't help but agree wholeheartedly.
What Happened: On Tuesday, an X user, who goes by the name Doge Designer, on the platform drew an analogy between mainstream media and Cramer's often erratic stock predictions.
He said if the media publishes unfavorable content about the microblogging site, it suggests X's exceptional success.
See Also: Elon Musk’s Next X Overhaul: News Link Headlines Axed, ‘Subscribers’ Reimagined
Musk, who acquired Twitter for $44 billion in October, agreed with his sentiment.
It is important here to note earlier this week, Musk confirmed that X is working on stripping headlines and text from news links. Individual users or publishers would have to manually add text alongside the links, or the post will display only an image and the URL.
The update came just days after X was accused of limiting traffic to sites criticizing its billionaire owner. Several users observed slower speeds when accessing links websites, like The New York Times, Reuters, Instagram, Facebook, Threads, Bluesky, and Substack.
Why It's Important: Cramer, the enduring host of CNBC’s “Mad Money,” has frequently found himself at the receiving end of many jokes because of his vocal missteps in stock recommendations.
This includes advising listeners to divest from Hewlett Packard Enterprise Co HPE in 2012, citing a “broken corporate culture.” However, within six months of his sell notice, HPE ripped 110%.
Similarly, his vocal sell recommendation for Netflix NFLX in the same year preceded a remarkable 174.49% surge within the next six months.
Conversely, his Buy rating for Kohl's Corp KSS in April 2015 resulted in a 41.11% drop within six months, and a Buy rating for Qorvo QRVO during the same period saw the company's shares trading 37.8% lower within six months.
Photo By Frederic Legrand – COMEO On Shutterstock
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