Snapchat has a bright (and long) future

Snapchat lets users send photos that last only for moments, but investment analysts believe the social media company’s future will be long-lasting.

The widely popular erasable photo messaging app is finding that it’s on a path similar to major social networks, including Instagram and YouTube, both of which sold for billions of dollars. Snapchat now has more funding and a higher valuation than Instagram and YouTube when they were at Snapchat’s stage in their startup lifespan.

If it follows Instagram and YouTube’s path, the only next step for Snapchat would be to sell the company to the highest bidder.

Snapchat certainly has a huge following, maintaining an audience of more than 100 million users along with more than 350 million snaps sent per day.  More