If you are looking for the future of SnapChat, you should keep reading. This article will tell you about its revenue struggles, market cap, and profit margins. In addition, you will learn how Evan Spiegel's net worth has increased over the past year.
Read on to find out why Snapchat's net worth will soar in the next five years. But, before you get too excited, you should know what the company is actually worth right now.
SnapChat's revenue struggles
Snapchat has faced many challenges in scaling its platform, including revenue growth. The social messaging app was the most downloaded app in 2016, and its daily active users have risen by 30% year-over-year. However, revenue growth has not been sufficient to support Snapchat's upcoming IPO, which it plans to do next year. Snapchat set a revenue goal of $300 million in 2016 and $1 billion for 2017. While Snap denies going under, its struggles have left it vulnerable to rumours of bankruptcy.