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Serious TH Dumps Its Snapchat Shares! John Tan And CPF Acct Holders Feeling Richer Already!

JohnTan

Alfrescian (InfP)
Generous Asset
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Other prominent Snap investors such as Jana Partners and Third Point have also pulled out of the company

Singapore state investment firm Temasek Holdings has sold off all its 300,000 shares, valued at US$6.76 million, in Snapchat’s parent company Snap, according to a report by the Financial Times.

According to the Securities and Exchange Commission, Temasek sold off its shares in the second quarter of this year. Temasek was revealed to be one of Snap’s high profile investor, in the same period.

Other prominent Snap investors, including Jana Partners and Third Point, have also dumped their shares. Snap’s employees are also now eligible to dissolve their shares.


Snap first started trading at US$17 per share during its IPO on the New York Stock Exchange (NYSE) in March this year. However, faced with sluggish user and revenue growth — including lower-than-projected sales from its Spectacles camera sunglasses — and increased competition from Facebook’s Stories and Instagram Story features, Snap’s shares have plummeted by more than 44 per cent to US$11.28 per share.

The release of shares by investors have, however, allowed Snap’s stock prices to recover by about 6.5 per cent, which is US$12.60 per share.

https://sg.finance.yahoo.com/news/temasek-holdings-sells-off-snap-shares-valued-us-042433973.html
 

eatshitndie

Alfrescian (Inf)
Asset
Re: TH Dumps Its Snapchat Shares! John Tan And CPF Acct Holders Feeling Richer Alread

buy high sell low?
 

halsey02

Alfrescian (Inf)
Asset
Re: TH Dumps Its Snapchat Shares! John Tan And CPF Acct Holders Feeling Richer Alread

buy high sell low?

The price of SNAP NYSE is $12.74, IPO was March 2017.http://www.nasdaq.com/symbol/snap

At what price did them are sick buy the stock? at Institutional Placement price? or from the mkt...which at one time was $25++...knowing their track record of buy high sell low, Looooong term investment, maybe they bght at $25.50? & liquidated at a loss around $13.50?
 

virus

Alfrescian
Loyal
Re: TH Dumps Its Snapchat Shares! John Tan And CPF Acct Holders Feeling Richer Alread

Pertinent qn is who got the agent handling fee all this while? Is it a $2 setup by former politician? Is there c9nflict of interest?
 

Scrooball (clone)

Alfrescian
Loyal
Re: TH Dumps Its Snapchat Shares! John Tan And CPF Acct Holders Feeling Richer Alread

Snap, is going to snap your cock if u buy it. This company is worth nothing. It does not have any proprietary technology. It has slower new signups. Engagement with advertisers is poor because their metrics are shit.
 
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