Spectacles and $SNAP’s $20B Valuation
Austin Startup
APRIL 25, 2017
In order to achieve 20x growth, Snap needs grow both of those metrics 4–5x. Had Facebook not purchased Instagram, Facebook’s aggregate numbers likely would have dipped as millennials have largely abandoned Facebook for Instagram and Snapchat. In summary: Snap’s current business doesn’t justify a $20B valuation.
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