Re:Snap Inc. Third Quarter 2017 Results
by JonFish85 on Tuesday November 07, 2017 @05:04PM
(#15648092)
The footnote kind of explains this:
"Net loss for the nine months ended September 30, 2017 includes $2.5 billion of stock-based compensation expense, primarily due to the recognition of expense related to RSUs with a performance condition satisfied on the effectiveness of the registration statement for our initial public offering."
I believe the vast majority of that was due to issuing stock to Evan Spiegel for successfully executing the IPO at given metrics.
"Net loss for the nine months ended September 30, 2017 includes $2.5 billion of stock-based compensation expense, primarily due to the recognition of expense related to RSUs with a performance condition satisfied on the effectiveness of the registration statement for our initial public offering."
I believe the vast majority of that was due to issuing stock to Evan Spiegel for successfully executing the IPO at given metrics.