Snap down just 1% after first wave of lockup expirations

Snap, the Snapchat parent, closed the day down just 1% after the first phase of the dreaded lockup expiration, which meant that some insiders are now eligible to sell shares. The anticipation of a big selloff had been putting downward pressure on the stock for weeks, but it appears that enough of that fear was already built into the stock price to withstand day one. But while venture… Read More