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Cramer Remix: The truth about Facebook's future

Jim Cramer watched as the market was roaring strong on Thursday, until about 2 pm Eastern. That's when investor Carl Icahn told CNBC that he sold Apple over concerns of Chinese weakness.

Those comments sent the market plummeting, and Apple lost another 3 percent.

However, there is still plenty of opportunity in the market. One stock that displayed exactly what a company can do in this environment was Facebook, which soared 7 percent Thursday. In fact, Cramer thinks it should have been up more than it was on Thursday.

"The numbers are downright sterile compared to what is really going on at Facebook," Cramer explained.

Cramer added that the magic behind Facebook is that it has managed to transform how people live their lives, and make an impact that most businesses can only dream of. It now has 1.09 billion daily active users that spend around one hour a day on their page, Instagram or messenger.

That is one billion more people who found time to be on a network that didn't even exist a dozen years ago.

Facebook grows its gross margins by including more ads, because users create more content. And it's all done on a phone, which Cramer thinks is the real secret, because a phone is always with the user.

Cramer watched Valeant's outgoing CEO Mike Pearson testify on price gouging this week, he wondered if the worst is finally over for all things...