The employee stock is still in lockup period, so they saw exactly no profits on this as of yet. This article is taking about July 31 as the earliest lockup exp

The employee stock is still in lockup period, so they saw exactly no profits on this as of yet. This article is taking about July 31 as the earliest lockup expiration, but not clear as to which class of stock this is for: "The perceived catalyst for an impending drop is a total of 1.2 billion fresh shares that will become available for sale after post-IPO lockups expire July 31 and Aug. 31" Source: http://www.marketwatch.com/story/snap-short-sellers-bet-on-a-post-lockup-tumble-but-it-isnt-a-sure-thing-2017-06-08 http://www.marketwatch.com/story/snap-short-sellers-bet-on-a...