Goldman makes Snap projections
Goldman Sachs is telling prospective investors in Snap's IPO that the company should hit $2 billion in revenue in 2018, according to Business Insider.
This would represent nearly a fivefold increase over the Los Angeles-based company's 2016 revenue, but also would reflect slower growth. Snap generated just $58 million in 2015 revenue and $404 million last year, or a 585% boost. The Goldman figured would suggest a 395% increase over two years.
Business Insider did not make any mention of when Goldman believes Snap might become profitable.