I received a series of interesting forwards on Valuation of companies. It shows how markets reward future growth over the steady and stagnant growth. Valuation, Jan 2017: Snapchat: $25 billion Viacom: $17 billion Valuation, Jan 2014: Viacom: $37 billion Snapchat: $3 billion Facebook valuation in 2007: $15 billion (after Microsoft investment) Facebook's valuation in 2017:... Continue Reading →