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  • diamondmadison diamondmadison Jan 14, 2013 6:22 PM Flag

    CNBC " FB GOING TO $50 "

    Facebook Surprises for 2013: Fishelson

    Published: Monday, 14 Jan 2013 | 5:52 PM ET
    By: Bruno J. Navarro

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    A Few Facebook Surprises for 2013: Fishelson
    Look for Facebook to acquire Netflix and its stock hit $50 this year, Larry Fishelson of Dynalink Telecommunications says.

    Expect Facebook to acquire Netflix in 2013, as well as a new catalyst in video advertising, Dynalink Telecommunications CEO Larry Fishelson said Monday on CNBC.

    "The whole upside of Facebook is mobile," he said. "I believe Facebook is going to be well over $50 a share this year."

    Last week, Facebook sent out invitation to a mysterious announcement to take place on Tuesday, leading media outlets and experts to hypothesize what the social media giant has waiting up its sleeve.

    Fishelson said that the announcement will have to do with video advertising and mobile.

    "If you don't believe in Facebook, then you don't believe in the whole tech ecosystem," he added.

    Last week, Facebook sent out invitation to a mysterious announcement to take place on Tuesday, leading media outlets and experts to hypothesize what the social media giant has waiting up its sleeve.

    On "Fast Money," Fishelson said that the announcement will have to do with video advertising, which will help the company's shares hit $50 by year's end.

    Fishelson said that the announcement will have to do with video advertising and mobile, which accounted for $150 million in revenue last year. He said that he expected mobile ad revenue to reach $300 million.

    "They've really become the de facto company," he said. "If you don't believe in Facebook, then you don't believe in the whole tech ecosystem."

 
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