My theory is that no data on snapchat's servers has been deleted. Once they hit 100 million users they will have a shyamalan-esque reveal where all their users'

My theory is that no data on snapchat's servers has been deleted. Once they hit 100 million users they will have a shyamalan-esque reveal where all their users' photos will be posted publicly on a website for all the world to see except for the users who pay $9.99 per month FOR THE REST OF THEIR LIVES (insert dramatic gasps here) to keep their photos from being revealed. Aside from such a scheme, I just don't see the valuation as warranted. I could stomach a billion and maybe two, but this is just selling to the greater fool at this point.