Submitted by David Stockman via Contra Corner blog,
That was quick! Last November Snapchat was valued at $2 billion in the private VC market; by Q1 that had risen to $7 billion; and yesterday it soared to $10 billion. Gaining $8 billion in market value in just nine months is quite a feat under any circumstance – but that’s especially notable if you’re are a company with no profits, no revenues and no business model.