And some say there is no bubble in start-up world... If someone has any idea what is going on here please explain to me because I do not understand how we have come down to this.
There are 450 million Snapchats sent a day. Their engagement is insane and so is their month over month growth. Snapchat has created a new form of communication that a lot of people enjoy using. If we use other startups as benchmarks (Tumblr, Instagram), the valuation does not seem far-fetched.
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And some say there is no bubble in start-up world... If someone has any idea what is going on here please explain to me because I do not understand how we have come down to this.
There are 450 million Snapchats sent a day. Their engagement is insane and so is their month over month growth. Snapchat has created a new form of communication that a lot of people enjoy using. If we use other startups as benchmarks (Tumblr, Instagram), the valuation does not seem far-fetched.
Do either of them make any money?