“The market seems to take aim at DoorDash (DASH), Airbnb (ABNB), PayPal (PYPL), Carvana (CVNA), Affirm (AFRM), Wayfair (W), Shopify (SHOP) and Block (SQ) on these sell-offs. It sometimes feels like they are supposed to be worth dramatically less. How many of these names are owned by hedge fund Tiger Global? Bloomberg reports that partner Sam Harland, who bet big on Carvana, has left the company.”

“The odd selling of tech stocks at 5 a.m. This kind of program can be either desperation or someone actually wanting tech down, given that many of these techs have aggressive buybacks that would buy stocks higher. The programs just overwhelm The "urgency" is odd ...”

Cramer on an email this morning
Hedge Vision's avatar
Yeah Tiger Cubs were all betting big on a lot of those names, seems like many of have them have already significantly or completely sold off their stakes
Yegor's avatar
You subscribed to Cramer’s daily email or something? Genuinely curious
Jonathan Garcia's avatar
@from100kto1m haha yeah. I like to read his takes.