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Cramer Remix: Snap is the No. 1 reason to own Facebook

When a caller asked Jim Cramer for his thoughts on the fate of Snap Inc., he did not hesitate to give the social media company a dooming prognosis.

"Snap is the No. 1 reason why you want to own Facebook, because we thought that Instagram would be challenged by Snap. It turns out that's not the case," the "Mad Money" host said.

On Tuesday, shares of Snap fell to less than half of its all-time high as analyst downgrades related to the company's ability to improve its advertising platform poured in.

Challenges from Facebook's Instagram continue to push shares lower, despite Snap's new roll-outs of a Maps feature and a daily news show with NBC.

The call came after Cramer reviewed Tuesday's news of two separate deals: a potential merger between Discovery and Scripps Networks Interactive and spice company McCormick buying Reckitt Benckiser's food division.

"While the potential Discovery-Scripps deal, at about $10 billion is more than twice the size of the $4.2 billion food transaction ... these are happening for similar reasons. Companies, afraid of losing their relevance and their clout, are merging with their peers or rivals in order to produce stronger entities with more appeal to their masters, meaning their distributors and their ultimate customers," Cramer said.

To understand why these two deals are so similar, Cramer compared the companies' distribution methods: Just like you walk through aisles of a supermarket to find products, you scroll through cable offerings to find things to watch.

Despite various investing outlets inciting fear in the stock market about "single-stock risk," Cramer has seen average investors coming out of the woodwork to buy strong individual stocks.

"I know there are tons of statistics showing an almost inexorable decline in interest in the stock market as a whole," the "Mad Money" host said. "But there's something afoot right now, right now after nine straight sessions where...