This article originally appeared at 5 p.m. ET on Feb. 13.
Jim Cramer says Snapchat's widely anticipated initial public offering isn't large enough to pull much investor money away from shares of rival Web giants Facebook (FB) and Google parent Alphabet (GOOG) , (GOOGL) .
"I've spent a lot of time on Snap, and Snap has really done quite poorly ever since Facebook started its Stories [section]," Cramer said in an exclusive conference call with members of Action Alerts PLUS, his club for investors.
The stock picker added that while "there'll always be some money coming out" of Facebook and Alphabet shares, Snapchat's IPO "will be a 'sliver' deal. They won't put that much stock out for sale."
Besides, Cramer said that if Alphabet or Facebook shares really tank after Snapchat goes public, "I will pound the table and tell you to buy them."
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