Jim Cramer is confused. Yes, haters are gonna hate. But why hate Yahoo?
CEO Marissa Mayer inherited Yahoo when it was a total mess, way behind the industry in everything from site design to relevance in technology. Since that time, she has slowly but surely brought it back up to date.
Yet, for some reason when you look up her name on the Internet, most articles about her are negative.
"I don't even know how this person comes to work in the morning. She is the victim now … of some of the worst press imaginable," Cramer said.
Regardless of the sour press, what Cramer cares about is the bottom line and making money. When Mayer was appointed CEO in July 2012, Yahoo stock was trading at $15 a share. Now it is at $42. During this time she has also made $1.6 billion in strategic acquisitions and has gotten no credit for it.
Though revenue growth has been slow, at just 1 percent in sales, Yahoo has gained millions of unique visitors during Mayer's time. And now that she has the money, she will have to figure out how to monetize them.