I've referenced eMarketer's projections for mobile ad revenue in more than one article.

For 2012, the firm estimates Twitter will generate $130 million in mobile ad revenue compared to Facebook's $73 million for a total of $203 million. By 2014, eMarketer estimates the two companies will combine for over $1 billion on mobile with Facebook overtaking Twitter by almost $200 million.

It's a synergistic dream come true. And it should happen . . . yesterday.

Government regulators wouldn't know what to do with it because, as Jerry Seinfeld once said to George Costanza, There's no precedent baby!

At the time of publication, Rocco Pendola was long FB.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.

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