While the market on Monday was a total bloodbath, Jim Cramer doesn't want investors to forget that Friday was terrible, too. Friday's carnage all stemmed from the horrific forecasts of high growth technology stocks LinkedIn and Tableau Software, which caused anything related to mobile, social and cloud to go into a tailspin.
"The pin action from these two quarters was so alarming that I think it is very important for us to understand what went wrong here," the "Mad Money" host said.
LinkedIn is the social network for professionals that makes its money through advertisements, selling premium subscriptions to users, and helping recruiters find candidates for open jobs.
When Cramer only looked at its headline numbers from the last quarter, LinkedIn's results seemed pretty solid. But it was the guidance that was scary. Sales and earnings forecasts for 2016 were significantly lower than what Wall Street was expecting. This prompted the company to lose $11 billion in market capitalization in a single session.