There are some red flags in Snapchats IPO filings - massive losses, decelerating user growth, 0 voting rights etc. So I personally have doubts about demand for the $25B valuation.
I agree now that they are saying that Snap Inc stole all their ideas from instagram among others.
Isn't that what the Winklevosses were fighting for with Zukerberg in the first place before going into the stratoesphere of the next offering of a bitcoin ETF?