![]() ![]() In the Valley, things move fast-real fast. “It’s going to do amazing,” another investor told me, lamenting that he didn’t pour money into an early iteration of the company. The same is going to be true for the audience that uses Snapchat.” Numerous other investors, gurus, and whisperers in the Valley shared this optimism. “Facebook took its audience with it from college as they grew up and had families-and the product grew alongside them. “I think they’re going to do fantastically well,” Om Malik, the investor and writer, told me. ![]() Yet, in Silicon Valley, the general feeling is that Snap is a very smart bet for investors-that it’s a company that is going to be around for a long, long time, and one that can make anyone with enough vision very, very rich. Others predict that Snap will nosedive into Twitter territory in no time at all. Some investors suggest that the company’s stock is going to pop at its I.P.O, similar to Facebook. Meanwhile, Wall Street and the media are spasmodic in their views of the company’s value. On Thursday, it is reportedly targeting around a $25 billion market valuation. The organization, which Evan Spiegel co-founded while at Stanford, had a private valuation of around $18 billion. I’ve been hearing this question for months-for years, even-as Snap, the five-year-old social-media company, prepares for its initial public offering on Thursday. ![]()
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