So Snapchat gets a valuation of $10 billion!

Snapchat is a mobile app you can use to send photos to others. The images will be (sort of) "deleted" a few seconds after the receiver starts viewing.

$10 billions for a simple app! Now what could that mean for a POET? A lot, because

• POET will have a much larger market impact than Snapchat.
• POET already has a business model while Snapchat has not (yet).

While looking into what Snapchat is, how its valuation might be justified and how Snapchat is going to make money, I found this excellect article by Henry Blodget on Business Insider:

EXCLUSIVE: How Snapchat Plans To Make Money

It is from last year when Snapchat was valuated at $3 billion. Please read, translate to POET and receive an impression of why POET Technologies should be valuated so much higher!

Two quotes:

• Gurley's Law is this: At some point, every successful tech company will trade at a normal earnings multiple — say, 20X-25X earnings. (Gurley used 30X in the 1990s, but the 1990s were unusual).
  
  Importantly, Gurley's Law does not mean that any young tech company that is trading at a multiple higher than 20X-25X is "overvalued." Tech companies can grow earnings super-fast, so, as an analyst, you have to be careful not to be too conservative in your earnings projections.

• What would be silly, the insiders think, would be to reflexively cash out now and forgo the opportunity to build another Twitter-sized platform — especially because they think their Twitter could eventually be a more successful platform than the real Twitter.