Ask HN: How much do you think SnapChat is really worth?

With the gossipy 3 Billion acquisition talk going around, I'm curious to learn what the HN readers believe to be a proper or more logical valuation for SnapChat (which does not have any immediate or pending revenue sources)

$0

I hadn't heard of SnapChat until this acquisition story broke. I guess I'm out of touch or something?

Anyway, no revenue and no real hope of revenue = $0. VC can blow smoke up your ass until they collapse, blue in the face, but it's not a winning proposition.

As much as someone's willing to pay.

Personally, it does not surprise that FB is willing to pay 3B. FB is struggling with the younger crowd as of late, it's a great strategic move in my opinion.

Well, that's just silli.

"As much as its bought for" is a popular response when I've asked this question. I guess it comes down to sematics - is value sort of like Net Revenue Versus Revenue? Amazon makes boatloads of revenue, but still hasn't seen the return it wants. How does this affect the value of the company? The stock buyers apparently don't care...

I think these sort of app related multi-billion acquisitions with little or no revenue are a complete farce and do more harm than good - especially when it comes down to a product with NO revenue. It's basically disregarding capitalist business principles for shallow popularity.