Those gains were basically wiped out when the CFO said, "We did see a decrease in daily users specifically among younger teens."
With that one comment $18B in value disappeared.
I have no idea if Snapchat is worth $3B but what happened Oct 30 should give you an idea of how valuable that demographic is to Facebook.
On a side note, Google should buy Snapchat and integrated it into Youtube and use it as their new commenting platform (half kidding)
Those gains were basically wiped out when the CFO said, "We did see a decrease in daily users specifically among younger teens."
With that one comment $18B in value disappeared.
I have no idea if Snapchat is worth $3B but what happened Oct 30 should give you an idea of how valuable that demographic is to Facebook.
On a side note, Google should buy Snapchat and integrated it into Youtube and use it as their new commenting platform (half kidding)