When SNAP went public I said to my trading buddy - "their first earnings announcement is the biggets layup of a short ever." Sure enough here we are.
Wondering how many employees/executives were able to cash out and how many are stuck holding through the lockup period.
I know a couple buddies at work that bought in.
They were pretty happy that first week, not so much today.
Oh god. My best buddy is all about snap, he called me to ask what I thought. He was gonna load up on the IPO. I literally forbid him from doing it.....I should call him now...LOL ;-)
Yup.
I believe the lockup period is until August... so I'm sure some people are biting their nails!