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Kramer says many companies are not ready for peace after the Covid pandemic

Many companies seem ill-equipped to thrive in the world after Covid, CNBC Jim Cramer said Wednesday.

“I haven’t seen many companies that were ready for a post-pandemic. I’ve seen a lot of companies that were hoping for a little more of a pandemic,” Kramer said.

Crazy money“The host said,‘ We are no longer in the world of a pandemic ’in terms of business planning, and only one company, which reported earnings this week, has demonstrated the ability to think and thrive outside of Covid.

I must tell you that the only one last night demonstrated the absence of a “pandemic-cyclical” Airbnbsaid Kramer. “At one point [CEO Brian Chesky] told me last night, “I don’t know, we’re the story before the pandemic?” Are we a pandemic story? Are we the story after the pandemic? ‘ He said simply, “Maybe we’re history.” And I liked it, ”Kramer added later.

This was reported by Airbnb better than expected earnings and earnings in the fourth quarter closed Tuesday, while shares rose more than 4% on Wednesday. The company has spent most of its time focusing on a kind of travel revolution, as remote work required because of Covid is becoming a more permanent option for many people across the United States.

From the side, Kramer said he expected more from Roblox. Shares of MetaUniverse received blows more than 25% the day after reports of wider-than-expected quarterly losses and earnings, which also turned out to be worse than forecast.

“I thought it wasn’t a pandemic. I didn’t bet [Roblox] with PelatonI didn’t put them on DocuSign; obviously it’s a kiss of death, “he said.” I wanted Roblox to be better and it’s slowing down. “

Kramer’s message to companies fighting for growth in the new phase of Covid is simple: “Listen to the Czech [at Airbnb]. Czech defined this period. He says that the whole period of the pandemic – it was necessary to work on things for the post-pandemic.

Register now to have CNBC Investment Club monitor Jim Cramer’s every move in the market.

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Kramer says many companies are not ready for peace after the Covid pandemic

Many companies seem ill-equipped to thrive in the world after Covid, CNBC Jim Cramer said Wednesday.

“I haven’t seen many companies that were ready for a post-pandemic. I’ve seen a lot of companies that were hoping for a little more of a pandemic,” Kramer said.

Crazy money“The host said,‘ We are no longer in the world of a pandemic ’in terms of business planning, and only one company, which reported earnings this week, has demonstrated the ability to think and thrive outside of Covid.

I must tell you that the only one last night demonstrated the absence of a “pandemic-cyclical” Airbnbsaid Kramer. “At one point [CEO Brian Chesky] told me last night, “I don’t know, we’re the story before the pandemic?” Are we a pandemic story? Are we the story after the pandemic? ‘ He said simply, “Maybe we’re history.” And I liked it, ”Kramer added later.

This was reported by Airbnb better than expected earnings and earnings in the fourth quarter closed Tuesday, while shares rose more than 4% on Wednesday. The company has spent most of its time focusing on a kind of travel revolution, as remote work required because of Covid is becoming a more permanent option for many people across the United States.

From the side, Kramer said he expected more from Roblox. Shares of MetaUniverse received blows more than 25% the day after reports of wider-than-expected quarterly losses and earnings, which also turned out to be worse than forecast.

“I thought it wasn’t a pandemic. I didn’t bet [Roblox] with PelatonI didn’t put them on DocuSign; obviously it’s a kiss of death, “he said.” I wanted Roblox to be better and it’s slowing down. “

Kramer’s message to companies fighting for growth in the new phase of Covid is simple: “Listen to the Czech [at Airbnb]. Czech defined this period. He says that the whole period of the pandemic – it was necessary to work on things for the post-pandemic.

Register now to have CNBC Investment Club monitor Jim Cramer’s every move in the market.

Reported by Source link

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