Except for the fact that Snapchat itself is probably the slowest, buggiest app I can recall using in a long time. Certainly, it holds that distinction for an app north of a hundred million users.
I’ve never used SnapChat even as a test so this is news to me and the statement was written by someone who gets paid to invest people’s money in technology ideas (Venture Capitalist). It shows that quality is moot if you have a network. Once a network grows, your product matters less than stability, security and uptime. The tool may be buggy but it’s always up and accessible and that’s what matters.