I completely agree with the implied valuation, but had slight pause as to what this money could be used for. I think Snapchat has had mild success with monetiz

I completely agree with the implied valuation, but had slight pause as to what this money could be used for. I think Snapchat has had mild success with monetizing Discover and Stories. However, I think correct course of action is moving from a incentivizing content distribution role to incentivizing content creation role. For example creating partnerships. What you have right now are middling ready to explode and fame driven celebrities like YouTube had before partnership incentives. Snapchat is exactly there in their timeline.