Snapchat’s IPO filing does nothing to justify its US $25 billion valuation

"Snapchat’s parent company Snap has filed for its initial public offering (IPO) on the New York Stock exchange. Hoping to raise US $3 billion, the IPO would value Snap at between US $20 and $25 billion dollars putting it at almost twice the expected valuation of Twitter when it went public in 2013. Snap’s SEC filing reveals more details about the company and how CEO Evan Spiegel and CTO Robert Murphy plan to justify the valuation." Read more

David Glance The Conversation 5 Feb 2017