See links for a bit of reading about how hard it is to break DRM on Spotify or Netflix. They're doing a lot more than Snapchat. The difference between "you just need to reverse engineer the HTTP API to make a 3rd-party client" and "you need to run IDA Pro and PANDA and whatever else" is significant. The latter exploit would have far less reach.
[1] http://moyix.blogspot.de/2014/07/breaking-spotify-drm-with-p...