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(Image from article: "Jim Cramer, CNBC Ratings Down Since Stewart Attacks Began")

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Jim Cramer is Right that LinkedIn's Underwriters Juiced the IPO

Jim Cramer is Right that LinkedIn's Underwriters Juiced the IPO

Jim Cramer got really angry on CNBC yesterday. The LinkedIn (LNKD) IPO got him in a tizzy. Why? Because he said that the underwriters for the offering (Morgan Stanley (MS), B of A Merrill (BAC), and JP Morgan Chase (JPM)) decided to play the old “dot com” games of only releasing an artificially small amount of shares on the market, in hopes of creating a feeding frenzy.

 

Jim Cramer, CNBC Ratings Down Since Stewart Attacks Began

Jim Cramer, CNBC Ratings Down Since Stewart Attacks Began

In the first three days of this week, CNBC's Business Day programming block was down 10 percent in the key demographic of adults 25-to-54 versus the same period the week before, and down 11 percent among total viewers. Meanwhile, Mad Money was also down 10 percent in the 25-to-54 demographic, but only 4 percent among all viewers -- suggesting that maybe some of those bored college kids who watch Jon Stewart did, in fact, tune in to find out exactly what is the deal with this Jim Cramer character.

 

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