# Prof. Aswath Damodaran discusses Snapchat's value

1 Faculty News October 31, 2013 ![The Washington Post logo](/sites/default/files/styles/246w/public/assets/images/con_031074.jpg?itok=f6OME_Rm)>

Excerpt from [The Washington Post](http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/31/investors-think-snapchat-is-worth-4-billion-thats-insane/) -- "'It's like a waterfall: If you think Facebook's worth $110 billion, then Twitter's worth $50 billion, and Snapchat's worth $4 billion,' says [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a finance professor at New York University's Stern School of Business. 'If you change your frame of reference, are they paying because they think it's worth $4 billion, or are they paying because they think they can flip it to someone else to $6 billion? As long as I can sell it to someone else for more in six months, who cares what it's really worth?'"

[Read more](http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/31/investors-think-snapchat-is-worth-4-billion-thats-insane/)