Absolutely disgusting. An issue with tech in general is the equity rewards are far too generous - especially at the top. I have direct plays in a few technology companies I admire and some of them annoy me with the ridiculous grants. We're looking at like 10% dilution over a year for some companies that aren't profitable. And it seems very concentrated at the management level.
For SNAP it's especially bad considering that the common shares are non-voting if I recall.