>Given what is happening with Twitter I wonder if people will become more skeptical of these valuations. It's not the outcome of Twitter that will determine it

>Given what is happening with Twitter I wonder if people will become more skeptical of these valuations. It's not the outcome of Twitter that will determine it... it's the upcoming S-1 filing[1] that would finally disclose their financial details. If it shows that Snapchat is printing money instead of losing it, the stock will be hot. However, if the Snapchat's S-1 shows they're losing money like Twitter did (2013) and Groupon (2011), then they have to hope on getting their desired IPO price based on hype instead of the underlying financials. That S-1 is going to be scrutinized by everybody. It will have user counts, revenue, costs, etc. And it won't just be the potential investors analyzing it. I'm sure Larry Page, Mark Zuckerberg, and the CEOs of Chinese internet companies (TenCent, Alibaba), etc will get to know those Snapchat numbers by heart as well. Every venture capitalist in the internet & mobile sectors will also memorize those S-1 numbers. It's going to be a feeding frenzy. >It is not that Twitter or Snapchat is a bad business. Twitter is a good product but a bad business. People like it for the utility but it doesn't make any money. The Snapchat S-1 may reveal that it's both a good product and a spectacular business. Everybody has been salivating for those numbers since nothing new has been uncovered since the 2014 leak.[2] [1]https://en.wikipedia.org/wiki/Form_S-1 https://en.wikipedia.org/wiki/Form_S-1 [2]http://gawker.com/snapchat-lost-a-ton-of-money-last-year-1706957414 http://gawker.com/snapchat-lost-a-ton-of-money-last-year-170...