Snap founders won’t sell shares despite plummeting price

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Thursday, 10 August 2017

Snap founders won’t sell shares despite plummeting price

Thursday, 10 August 2017 by Muhammad Ifzal

Snap has an awful Q2 earnings report…but at least its dancing AR hot dog was viewed 1.5 billion times. To prove their confidence, co-founders Evan Spiegel and Bobby Murphy have agreed not to sell any shares this year, and the company will withhold shares they’re owed to pay for any necessary taxes. Of course, there’s only five months left in the year, so this isn’t… Read More