I feel that once growth stalls out or declines, those larger companies become very uninterested, even if the price is cheap.

I'm not seeing it. Maybe someone like Verizon or Comcast gets a wild hair and decides they want to add it to their new weird portfolios, but I really don't see one of the AAG's picking it up.

Google could finally have a chance with social! Use their software camera wizardry so that photos, especially low light ones look infinity better on Snapchat (on any platform) than competing social networks. Integrate stories natively into Android, under a different brand that shares the network with Snapchat to solve the cold start problem.

Does it make a lot of sense? No, but I think it makes some sense.

Amazon makes a lot of sense. They're trying to get into advertising and they could turn Snapchat into a shopping lens. ALexa, AWS and Twitch would play with it nicely too.

Interesting take. I'm not close enough to either Bezos or Spiegel but that does not seem like a good combination. Although at that point I'm not sure Snap will have a choice.

Why can’t thet monetize?

On my Snapchat anyway there are plenty of ads under the stories

Are those not paid for?

They are trying to monetize but it isn’t very effective thus far.

But you can't buy SNAP by buying the stock. The stock has no voting rights and thus it's price really is not what someone can buy the company for.

Spiegel etc still have majority ownership.

The majority voters cannot simply freeze out minority shareholders. They can decide to sell if it's in everyone's best interest over remaining independent, though. If the offer isn't for more than what the publicly held shares are worth, then Spiegel et al get sued over selling the company.