Am I Going Insane? Snapchat is Intrinsically Worthless
Am I Going Insane? Snapchat is Intrinsically Worthless:
If we return to the graph at the beginning of the article we see that the value of Youtube is $1.5bn – this is the price Google bought it at in 2006. It’s now estimated to be worth anywhere from $15 – $45bn. This is the power of combining a great funneling service with an ad giant like Google. This is Snapchat’s only hope of creating value for its board and investors, and it can only be realized by another company.
Would make sense that most of its publicity is about suggesting it’s incredibly valuable then. Is this how balloons are born?