### Comment:
Hard to go bankrupt if you don’t have debt. I doubt their capital lease obligations will put them under. They do have a shit load of contractual commitments due for the remainder of the year, about $341M. The cost of doing business may put them under if they can’t generate a profit, plus Snapchat is one of the shittiest ways to advertise.

### REPLY:
“If the current cash burn holds, Snap will need to raise new funding in the back half of 2019!”

### END.