Only 100 SNAP employees have profited. Rest underwater. 🌊

Aug 1, 2017 37 Comments

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TOP 37 Comments
  • Nearly everyone has RSUs, and those originally granted options (1) didn't have to exercise yet and (2) were given the choice to switch options to RSUs back when the company switched the offers. I don't know of anybody who's in the red, and I can't imagine anyone decided to exercise at $29/share during the lockup, because that would have been dumb. Still, employees can't sell until the 15th (insider trading).
    Aug 1, 2017 9
    • Microsoft / Eng
      ric_ta

      Go to company page Microsoft Eng

      ric_ta
      Instagram is KILLING Snap. 800 MAU and counting
      Aug 2, 2017
    • Oracle / Eng
      Sys

      Go to company page Oracle Eng

      PRE
      Google, Facebook, Uber
      Sys
      I have 4-5 friends who joined snap between 1-2 years back, all are planning to sell everything asap! Since snap offers super lucrative RSUs (> 600k$) for senior eng., they have enough money in unvested equity, that if this thing really goes up, they'll still participate in upside.

      Any existing employee with vested stock not selling on 15th is a big mistake. Look at FIT,GPRO, ZNGA etc. all hyped companies trading at a fraction of their IPO
      Aug 3, 2017
  • Were employees given rsu or options? Rsu always has a value and the idea that you are somehow underwater if the stock price is less than the grant price is inaccurate. Options can of course be worthless.
    Aug 1, 2017 7
  • Dropbox
    TradeJoe's

    Dropbox

    TradeJoe's
    Sloppy reporting. Most of the people have RSU
    Aug 1, 2017 0
  • Twitter / Eng
    pib

    Go to company page Twitter Eng

    pib
    someone please post the full article. I cannot afford an information subscription
    Aug 1, 2017 0
  • Only 100 have sold. That doesn't mean only 100 are in the black.
    Aug 1, 2017 0