>1) If the rumors are correct that they are looking to raise 4 Billion at a roughly $40 Billion valuation.

Was under the impression Snapchat was given a $3-5 billion valuation.

I find it hard to accept that Snapchat is worth the same as Tesla and SpaceX combined.

In other words, is [a 400-employee company whose core product works only on cell phones to show annoying ads to teenagers as they send each other photos, and whose annual income is barely $100m] worth the same as [a 15,000-employee company that produces autonomous electric vehicles, with a net income of a few billion/year] and [a 5,000-employee aerospace company that builds self-landing rockets, with income of a few billion/year] combined? I don't bloody think so, especially given what an asshole Evan Spiegel has been in public lately.

If anything, this is a sign that we're in a soon-to-pop bubble. If Snapchat ever goes public, it deserves to die the same slow death on the stock market as Twitter did earlier this year, or a violent pets.com style death.