We haven't seen a good tech IPO in a while. Given that and the supposed diminishing funding the Snapchat IPO will set a signal. If Snapchat crashes it will reinforce the narrative that tech is in trouble.
All the unicorns are going to have valuations looked at again, which is going to make it hard for them to raise money, which is going mean they'll have to lay people off which is going to have ripple effects throughout the economy. Might not impact google much, but it'll hit amazon for sure as stuff like aws spending gets looked at.
