Facebook topped Wall Street revenue and profit forecast for the seventh quarter in a row. The company reported fourth quarter revenue of $3.85 billion — that’s a 49% increase from the previous year. TheStreet’s Jim Cramer says Facebook is accelerating its growth and could earn $3 next year if it wanted to. He thinks the company deserves a 30 multiple. And speaking of 30 multiple, Cramer says Alibaba is a much more expensive stock now than Facebook. He says that’s because while Facebook is accelerating its growth, Alibaba is still growing but at a slower pace. Facebook, on the other hand, is monetizing and could be bigger than ABC, CBS, NBC and ESPN by 2017 if they wanted to.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
