Shares of Facebook FB are spiking on the rumor that the social media giant will sell TV style commercials, Bloomberg reports. The advertisements would run for 15 seconds and could bring in up to 2.5 million of revenue a day.
These advertisements are similar to those that Google GOOG has had huge success with on YouTube.
Shares of Facebook made an all time high today at $37.96 and are currently trading at $37.65 into the close. Volume is more than three times average with over 157 million shares exchanging hands today.
Part of this spike could be attributed to Facebook's recently elevated short interest.
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