Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here


Soon Free to Sell, Few Snap Employees Have Stock Profits

Source: Yahoo Finance

Many early Snap shareholders were freed to sell stock starting Monday, but judging by the fact that the stock barely moved, few did. As the shares have fallen 20% since the IPO, many may be waiting for an upturn.

That particularly applies to employees, who are still blocked from selling due to rules around next week’s earnings result. Only a small group of about 100 current and former Snap employees have profited, at least on paper, from their stock grants, according to an analysis of public filings and internal documents obtained by The Information. The rest, including all employees who joined after 2015, have seen the value of their pre-IPO stock awards drop in value. (See above chart.) For those people, waiting for the stock to rally might make sense. Snap last reported 1,859 employees as of Dec. 31.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

Receive original reporting about the most important tech companies, from Apple to Uber, in your inbox or online.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to dozens of events a year, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles


How Media Startups Stack Up on Revenue Per Employee

By Tom Dotan and Mike Sullivan


How Evan Spiegel Fumbled Snap’s Redesign

By Tom Dotan


Instagram Is the Real Virtual Reality, Not Oculus

By Sam Lessin


Why Snap Should Tap Apple or Tencent for Cash

By Tom Dotan