I'm not immersed in either business but I think you're making your argument too black-and-white. Snapchat is doing something valuable (I don't exactly know what) but I do not think it's better than what IBM is doing, IBM has been a powerful innovator in the computing industry for a long time and there's a lot of infrastructure powered by IBM's technology, even indirectly. I'm sure Snapchat is indirectly influenced by IBM - so writing either one off as better or worse is silly I think.

Different? Definitely. Providing value in totally different but important wasy? I'm sure. Again, I don't know either business in or out so these are more musings than battle-won opinions.