When Facebook first reported strong earnings on Oct. 30, the stock was up ~15% in after-hours trading or ~$18 billion in market value. Those gains were basical

When Facebook first reported strong earnings on Oct. 30, the stock was up ~15% in after-hours trading or ~$18 billion in market value. 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)