Re:Snapchat is Intrinsically Worthless
by Guest98130 on Monday November 04, 2013 @07:39PM
(#6672282)
That's a steal. Buying at 4bn and earning 35m a year, it'll be paid off in a short 114 years. After then, it'll be smooth sailing.
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Re:Snapchat is Intrinsically Worthless
by babakian on Thursday November 07, 2013 @02:24PM
(#6691768)
Ha! I should have used larger made up numbers! How about $100/yr from 5% of their users? Anyhow, you know that the investors are betting that the numbers will grow.
My main point is, Snapchat has a lot of users who have formed the habit of opening the app and sending snaps, totaling hundreds of millions of snaps/day. Simply cloning the app in no way means that you can generate those kinds of numbers. The numbers are stellar, and the investors seem to think so as well.