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.

It's a similar situation in terms of user growth. The company experienced a 48% increase in daily active users between the end of 2015 and the end of 2016, climbing to 158 million. Goldman Sachs expects that figure to hit 221 million by the end of 2018, or nearly 40% growth (again, over two years instead of one).

Business Insider did not make any mention of when Goldman believes Snap might become profitable.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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Trump poster in Scranton, Pennsylvania. Photo: Robert Nickelsberg/Getty Images

The president's campaign is placing more importance on Pennsylvania amid growing concern that his chances of clinching Wisconsin are slipping, Trump campaign sources tell Axios.

Driving the news: Pennsylvania, which has 20 electoral votes, twice Wisconsin's number, actually has been trending higher in recent public and internal polling, a welcome development for the campaign.

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Joe Biden enters the hall at the National Constitution Center. Photo: Roberto Schmidt/AFP via Getty Images

Joe Biden’s closing argument will shift to a dominant emphasis on health care, turning the looming Supreme Court fight into a referendum on coverage and pre-existing conditions, officials tell Axios.

Why it matters: Biden aides believed they were winning when the race was about the coronavirus pandemic. Now they plan to use the Supreme Court opening as a raucous new field for a health care fight, returning to a theme that gave Democrats big midterm wins in 2018.