Cramer: Want Social Media? Try the 'Corporate Facebook'
People don't realize that Salesforce.com is the "corporate Facebook," Cramer said Friday.
The "Mad Money" host was referring to Salesforce Chatter, its social network for businesses, which allows companies to connect and share information over the Internet in real-time.
"I say if you want social media, think about corporate social media," Cramer said, suggesting investors pass on LinkedIn , despite buzz regarding its IPO. "You need a continuing enterprise business and that's what Salesforce.com offers."
On Thursday, Cramer spoke with CEO Marc Benioff after Salesforce delivered strong quarterly results. The company raised its full-year outlook, as quarterly sales of its Web-based software surged. Salesforce has "dramatically accelerating" revenue growth, which Cramer said is unusual for a company this mature. Cramer remains bullish on Salesforce and thinks its stock should be trading higher than it currently is.
—Reuters contributed to this report
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