A valuation of $24 billion is about 60 times revenue. It’s 10 times as high as Google’s parent, Alphabet, which trades at just over six times revenue. Advertisement Continue reading the main storyCompared with Snap, however, those are mature companies, whose growth rates have slowed somewhat as they’ve aged. At $24 billion, each of Snap’s daily active users is worth $152, nearly five times per user what Facebook paid for Instagram. According to Snap’s prospectus, Snapchat user growth was 48 percent in 2016, about the same as the year before.

Source: New York Times March 02, 2017 18:39 UTC