Snapchat is more like Twitter than Facebook in one important area (SNAP, TWTR, FB)

Snap Inc. has "elevated credit risk," based on a score estimated by S&P Global Market Intelligence.
The Snapchat parent offered its shares to the public on March 2 and is not yet issuing corporate bonds. Still, S&P examined its credit quality relative to where a few other tech companies were at their initial public offerings, and it also considered what the score may look like in the future.
"Snap's credit score denotes elevated credit risk, more specifically, it would equate to a 4.45%