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Re:Snapchat raised $1.8B in a Series F round by rgbrenner on Thursday May 26, 2016 @10:28PM (#11783469)
When facebook was valued at 15B, they had 150M in revenue:

http://www.wired.com/2007/10/facebook-future/

So if facebook is the benchmark, it doesn't support your valuation of $200B for snapchat with 50M in revenue.

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