Jim Cramer - Mad Money Getty Images Holdings GETY-Q DON'T BUY Aug 15, 2022

GETY just went public. It's a rare SPAC that is actually profitable. He likes it. Shares have soared 247% in the past month. Getty is the leading supplier of photos with a massive library, with their images viewed more than 1 billion (really) times each day. Every business needs an online presence, and will buy from Getty's. This went public in 1996, then went public years later, then went private, and now public again via a SPAC. Shares are soaring. Nearly all the original SPAC shareholders elected to redeem at $10.03 cash rather than taking shares in the company. Normally, this is bad news for the share price, but some savvy investors have engineered a massive short squeeze. There aren't enough sellers now (the original shareholders took the cash, not shares). Getty is a fine business that makes money, but he can't recommend it after its giant run.