Venice’s Snapchat, the social-networking startup with a valuation of $16 billion, is plopping down $22,500 a month to rent a beachside penthouse apartment that used to host locally infamous late-night parties, Buzzfeed reports. However, the company has promised that the penthouse – which has a 5,000 square-foot, glass-enclosed deck with a fire pit, jacuzzi, and a geodesic dome – will not be used for parties.