> Snapchat's valuation doesn't give them buying power This isn't true in practice. Sure, company stock is not as great as the almighty US dollar, but can be u

> Snapchat's valuation doesn't give them buying power This isn't true in practice. Sure, company stock is not as great as the almighty US dollar, but can be used to purchase other companies, and its valuation directly affects how much cash the company can raise.