Shares of Groupon dropped more than 22 percent on Thursday following the company's announcement that it had acquired competitor LivingSocial for an undisclosed sum. The company's CEO Rich Williams said he was confused by the sell-off, and that the acquisition was "non-material."
"It was a non-material acquisition. We look at that in multiple ways, both the financial side and now with what we know about with integrating businesses and operating this business well; we don't see it as a material distraction from our day-to-day operations," Williams said.
Groupon made a significant comeback this year, with the stock up more than 70 percent for the year as of Wednesday. When it reported earnings, both the top and bottom line numbers were slightly better than expected. It is also growing its user base and expanding overseas.
Sometimes Cramer likes to dive in with privately held companies that are shaking up the industry they are in. One of those companies is Earnest, the online lender that specializes in student loan refinancing and personal loans.
Using Earnest, people can borrow online, and it charges a lower interest rate than conventional banks. Cramer spoke with the company's co-founder and CEO Louis Beryl, who explained that what makes Earnest unique is its thorough underwriting process.
While many traditional lenders use a simple credit or FICO score to analyze prospective borrowers, Beryl explained that it takes into consideration the full financial profile of individuals. This includes bank accounts, past debts and assets.
"That is something that no one else is doing, and we are doing it by connecting directly to their online financial accounts … I think ultimately we are totally vertically integrated, and we rethought from first principals how would you assess someone," Beryl said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
FireEye: "I can't recommend a stock on a takeover basis when the fundamentals aren't that good. The one that I have been liking is Proofpoint, because that does the email blockage which is really what you have to worry about now."
Shopify: "It's up too much. It's up too much. It's up 60 percent, that makes me nervous. I know it's doing well, but it is up too much and I want to be a little cautious here."