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Dan Primack Mar 3, 2017
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Snap hits $40 billion valuation

Snap surged in early trading on Friday, busting through the $40 billion valuation that CNBC's Jim Cramer predicted earlier this week.

The company has around 1.39 billion fully-diluted shares, which meant its shares had to hit $28.78 to reach the (completely arbitrary) magic number. It did so shortly after 11am.

Data: Money.net; Chart: Andrew Witherspoon / Axios