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Why I’m long Facebook: Garnry
Peter Garnry, Saxo Bank’s head of equity strategy, says that social network Facebook has transformed itself into a mobile-first company with 80% of its advertising revenue stream originating via mobile.
Facebook is growing by 40% year-on-year, says Garnry, who argues that the potential monetisation of its Instagram and Messenger platforms puts the company in a strong market position.
00:53 minutes
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