Snapchat's parent company Snap is finally $4. Though there are $4 to glean from the move, the $4 on investors' minds is: Are we looking at the next Facebook, or the next Twitter?
Well, judging solely by the numbers, it's closer to the latter. As this chart from $4 shows, while Facebook was already something of a giant before its IPO, Twitter's revenue and user base was more modest, and it wasn't profitable. (It still isn't.) Snapchat does seem to have to edge over Twitter in $4 - Twitter only counts those on a monthly basis - but it's blowing through $4, and its revenue is lower at that.
Now, these aren't 1:1 comparisons. Facebook's IPO came eight years after its founding; Snap only waited five years. These social networks also have completely different audiences and focuses. The real question is if Snap can keep growing from here. As a self-proclaimed "camera company," there are plenty of ways it can expand.
Statista