Given the context, the $59m revenue isn't that bad. They clearly just started trying to monetize in 2015, and averaged double revenue growth each quarter, fini

Given the context, the $59m revenue isn't that bad. They clearly just started trying to monetize in 2015, and averaged double revenue growth each quarter, finishing with over $120m run rate. The $250-$350m forecast for 2016 is completely reasonable. Hitting that target still means a 60x valuation (and props to Snapchat for getting that kind of valuation these days), but I don't think it takes a delusional investor to see Snapchat passing $1b in just another year or two, and soon going well beyond that.