Cramer Quick Take: Cramer Discovers Fiverr
NEW YORK (TheStreet) -- TheStreet's Jim Cramer was completely befuddled by Fiverr and its purpose.
Colleague Ross Kenneth Urken and "Mad Money" Research Director Nicole Urken explained that Fiverr is quickly becoming a common term in today's economy. The Web site, which was launched in 2009, recently surpassed the 2-million-gigabyte threshold.
Essentially, users on the site will sell products or perform services for $5 -- hence the name, Fiverr. The site takes $1 as part of the deal.
Cramer asked why someone would write an article for $5, basically giving away one's services."It's the dollar store of jobs," Nicole said, with Ross adding that it can also be a way for buyers to be entertained, rather than attempting to purchase a high-quality product. Ross added that the site is like TaskRabbit, which allows users to hire movers or ask for help around the house. If people are willing to work for such a small amount, it may suggest the economy is moving slower than most had thought, Cramer concluded. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV