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Facebook Surprises for 2013: Fishelson

Monday, 14 Jan 2013 | 5:52 PM ET
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."

(Read More: Facebook Mystery Announcement: What to Expect)

A billion online users means that Facebook has a strong path toward growth ahead, Fishelson said, adding that valuation here was not much of a concern.

"It's 50 times earnings, but you could look at Amazon at 75 times earnings," he said. "It's a better play with a future growth."

Trader disclosure: On Jan. 14, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Karen Finerman is long AAPL; Karen Finerman is long AAPL PUT SPREADS; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is short SPY; Pete Najarian is long AAPL; Pete Najarian is long BAC CALLS; Pete Najarian is long RIMM; Pete Najarian is long SBUX; Pete Najarian is long SBUX CALS; Pete Najarian is long FB; Pete Najarian is long FB CALLS; Pete Najarian is long MSFT; Brian Kelly is long QQQ; Brian Kelly is long XLK; Brian Kelly is long SPY; Brian Kelly is long TLT; Brian Kelly is long XLF; Brian Kelly is long JJG; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long PXD; Steve Grasso is long NVIV; Steve Grasso is long S; Dennis Gartman is long Gold; Dennis Gartman is long Copper; Dennis Gartman is long S&P 500 Index; Dennis Gartman is long Natural Gas; Dennis Gartman is short Euro; Dennis Gartman is short Yen; Dennis Gartman is short Crude Oil; Dennis Gartman is short US 10 Year.

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