Cramer's Blind Spot: The Uber DoorDash Disconnect The recent earnings season has been marked by Wall Street's tendency towards groupthink, and Jim Cramer's take on DoorDash's (NASDAQ:DASH) second quarter results is a prime example.
In a CNBC discussion highlighting the firm's impressive growth metrics, Cramer noted that DoorDash was one of the few winners in an otherwise brutal earnings season.
However, upon closer inspection, it becomes clear that his analysis has blind spots. By suggesting investors shorted DoorDash on Uber (NYSE:UBER), he reveals a fundamental misunderstanding of market dynamics.