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Cramer: Want Social Media? Try the 'Corporate Facebook'

Friday, 20 May 2011 | 3:17 PM ET

People don't realize that Salesforce.com is the "corporate Facebook," Cramer said Friday.

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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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