Snap’s valuation now exceeds other notable tech stalwarts, such as HP (both HP Inc. and Hewlett Packard Enterprises, taken individually), eBay, Sprint, Electronic Arts, and Sony.Snap’s valuation surpassed a market capitalization of $40 billion to close the week as more investors pile in just in case they happen to miss out on the next big social network. Facebook’s market cap is approximately $400 billion. Apple ($733 billion) and Google ($582 billion) are the world’s most valuable companies.This gives Snap a valuation on par with Tesla, valued at a market cap of $40.5 billion, and quite similar in that profitability remains a challenge. Tesla went public in July 2010 and remained under the radar before the stock began transcended to new highs in April 2013.This also means that Snap's market cap is nearly 4x that of Twitter. Not bad...It certainly sounds frothy, but Snap nonetheless has the benefit of a quarter of its investors being locked into one-year “no sell” agreement to limit volatility and downside risk.