As long as Snapchat has a good case for maintaining the monopoly on ephemeral messaging the valuation is pretty reasonable. It's the best thing since IM and nobody else seems to get it. FB messenger could shake things up, but they seem reluctant. It's hard for any social/messaging incumbent to do it without cannibalizing their existing user activity. And they have 2 patents which may or may not be valid.
My prediction is 1B users by 2016.
Comments
As long as Snapchat has a good case for maintaining the monopoly on ephemeral messaging the valuation is pretty reasonable. It's the best thing since IM and nobody else seems to get it. FB messenger could shake things up, but they seem reluctant. It's hard for any social/messaging incumbent to do it without cannibalizing their existing user activity. And they have 2 patents which may or may not be valid. My prediction is 1B users by 2016.