Will Snapchat Become the Next Facebook or Next Twitter?

Social-media company Snapchat has finally publicly filed for its IPO.  With a valuation of $25 billion, Snapchat would be demanding that investors pay $62 for every dollar earned. If Snapchat is able to grow its earnings, the company could justify this high valuation.  

Snapchat is still, after ad dollars, a space dominated by Google (GOOGL) - Get Report and Facebook (FB) - Get Report  -- its main sources of revenue.  Investors averse to risk may want to steer clear of this IPO and stick with a more dependable tech player.

This article was written by a staff member of TheStreet.