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Jim Cramer's $1.7 Billion Disaster

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About Jim Cramer's $1.7 Billion Disaster

Explore Jim Cramer's $1.7 Billion Disaster with 105,237 views, 2,402 likes, and 248 comments. Experience the impact of this video content that has captured audience attention.

https://www.Policygenius.com/WallStreetMillennial to get your free life insurance quotes and see how much you could save. This is a paid sponsorship from Policygenius Jim Cramer is one of the most famous people in the financial media with his hit CNBC show Mad Money reaching tens of millions of viewers. But beyond his TV career, he also founded a tech unicorn which achieved a $1.7 billion valuation at the peak of the dot com bubble. This unicorn was his financial media company The Street dot com. It IPO’ed on the NASDAQ in 1999 and quickly crashed with the rest of the dot com companies. In 2019, it was delisted and acquired by a holding company called The Maven for $16.5 million. This is less than 1% of its peak valuation of $1.7 billion. In this video we look at how Cramer founded The Street dot com and how it ended up being such a disaster. 0:00 - 1:25 Intro 1:26 - 2:30 Policygenius Sponsorship 2:31 - 4:01 Founding of Thestreet.com 4:02 - 4:56 Bubble Valuation 4:57 - 5:54 Mad Money Clip 5:55 - 7:07 Tech Bubble 7:08 - 7:44 Temporary Comeback 7:45 - 8:38 Impact of 2008 Recession 8:39 - 10:13 Cramer Stepping Down 10:14 - 11:45 CNBC Investing Club 11:46 Death of The Street ​​#Wallstreetmillennial #Jimcramer –––––––––––––––––––––––––––––– Buddha by Kontekst https://soundcloud.com/kontekstmusic Creative Commons β€” Attribution-ShareAlike 3.0 Unported β€” CC BY-SA 3.0 Free Download / Stream: http://bit.ly/2Pe7mBN Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs ––––––––––––––––––––––––––––––

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