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Old 03-02-2017, 08:34 PM   #81
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Yeah, I know a guy with a system for roulette tables, too.



Math time.....

American Roulette (two zeros), $10 minimum per bet....

PLaying the outside, $10 on two of the 12s...(bet pays 2:1) what are your odds? I *think* it's the best odds in a casino.
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Old 03-02-2017, 09:53 PM   #82
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I worked for a startup before, it's funny how excited everyone got when we went IPO. People are talking like we will all become millionaires. The company spend like crazy, hired a lot more people then we needed at that time. We couldn't sell our shares until a year later. Our stock price was lowered than the IPO price, the CEO was forced to resign, half of the people hired got let go. They were never needed in the first place, the hiring was just to impress wall street. All this madness was all within a year later. I left the company 4 months after the IPO so I didn't witness all the madness only the highs. I sold all my stocks, made a few thousand, not the millionaires that everyone thought we were going to make.
I am hearing SNAP employees have a "lockout period" where they cannot sell their stock until X amount of time. If it is 1 year like your company then I feel sorry for the early employees. I feel like the stock will drop significantly by that time. I think they will still make a good amount of money considering some are getting on average $300K worth of RSUs. Some upwards of $1MM.

EDIT: I was told 180 days until you can dump your stock

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Old 03-02-2017, 10:02 PM   #83
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I am hearing SNAP employees have a "lockout period" where they cannot sell their stock until X amount of time. If it is 1 year like your company then I feel sorry for the early employees. I feel like the stock will drop significantly by that time. I think they will still make a good amount of money considering some are getting on average $300K worth of RSUs. Some upwards of $1MM.

EDIT: I was told 180 days until you can dump your stock
Never worked for a corporation that gave out stock, but, are the shares you get free? If so, then I wouldn't really b!tch about the fact that I can't sell for a year, although it sucks to know that it's going to tank and you have to eat the losses.
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Old 03-02-2017, 11:01 PM   #84
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Never worked for a corporation that gave out stock, but, are the shares you get free? If so, then I wouldn't really b!tch about the fact that I can't sell for a year, although it sucks to know that it's going to tank and you have to eat the losses.
The way I understand it is public companies like GOOG, FB, AMZN, MSFT, AAPL give out Restricted Stock Units as part of the compensation package. Since these are public companies their stock values are known and guaranteed.

Private companies (like SNAP used to be) also gives out Restricted Stock Units (although considered worthless) or Stock Options, typically.

"Restricted Stock Units" or "RSUs" are stock that is given to employees.

Stock Options are giving employees the "option" to buy shares at a discounted price.

Both RSUs and Stock options are part of the employees' compensation package and the value is based on some combination of funding received by venture capitalists/private equities, number of shares issued, latest company valuation, etc.

Both RSUs and Stock Options are subject to a vesting schedule.

For RSUs you agree to $W worth of stock that vests over X years. Typically X == 4 years, but W can vary greatly upwards of $110,000 (apparently new grad Facebook employees are getting this). Your stock will vest Y% every Z time. For example, you might get 5% of that $110,000 after your cliff date of one year. This means you have to be employed by the company for a whole year (Z) before 5% of your RSUs will be granted to you. After that the length of time could be shorter (1/36 of a year, but not necessarily as it depends on the company) or longer (yearly), but you will get a higher percentage of the stock granted to you each time. Your vesting schedule could be Y1: 5%, Y2: 15%, Y3: 40% and Y4: 40%. I believe this is done so companies can get their investment's worth out of you instead of risking you leaving with all of their stock.

For Stock Options you agree to X shares of stock as part of your compensation package. Just like RSUs your stock options vest over a certain period of time. For me, 25% of my stock options vest by the cliff date (one year) then 1/36 until the 4 year mark. You can buy as many shares as you want up to the amount that has vested during your time at the company.

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Old 03-03-2017, 12:40 PM   #85
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This is why working for publicly held companies sucks. Fvck that noise.

Sent from your mom's bedroom during pillow talk
Privately held companies are definitely better to work for from my experience. You have no one to answer. Wall street always have these unrealistic goals for your company. If you don't meet or exceed those goals, your stock price goes nowhere, even though you have made more than the previous years.

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Never worked for a corporation that gave out stock, but, are the shares you get free? If so, then I wouldn't really b!tch about the fact that I can't sell for a year, although it sucks to know that it's going to tank and you have to eat the losses.
Every company is different. I was given 1500 shares for free and employee stock options to buy at discounted prices. I didn't buy more, I actually had no faith in the company and left shortly after. The CEO hired his own brother for the CTO position. The guy was in his early 20's and can't even spell the work technology and he was going to lead the technology side of the business. Easy to not have faith in the company. I sold my stocks as soon as I can. This company was brought by it's competitor later.
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Old 03-03-2017, 12:49 PM   #86
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Originally Posted by nikkeiS2K View Post
I am hearing SNAP employees have a "lockout period" where they cannot sell their stock until X amount of time. If it is 1 year like your company then I feel sorry for the early employees. I feel like the stock will drop significantly by that time. I think they will still make a good amount of money considering some are getting on average $300K worth of RSUs. Some upwards of $1MM.

EDIT: I was told 180 days until you can dump your stock
SNAP modified their agreement for employees to 150 days to match the executives timeline according to what I read. So it's quite likely that the stock price will be significantly different before any of them can sell.
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Old 03-03-2017, 02:01 PM   #87
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Originally Posted by NFRs2000nyc View Post
Never worked for a corporation that gave out stock, but, are the shares you get free? If so, then I wouldn't really b!tch about the fact that I can't sell for a year, although it sucks to know that it's going to tank and you have to eat the losses.
My company gives restricted stock with a 3 year vesting period, 3 years! Thankfully the stock is consistently rising, so all my grants are just tucked in an account that I don't even think about (vested grants and restricted grants).
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Old 03-03-2017, 02:03 PM   #88
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My company gives restricted stock with a 3 year vesting period, 3 years! Thankfully the stock is consistently rising, so all my grants are just tucked in an account that I don't even think about (vested grants and restricted grants).
We have a 3 year vesting period, as well, but it's not in company stock (we're not structured as such). Are you able to diversify your RSU's?
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Old 03-03-2017, 02:16 PM   #89
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We have a 3 year vesting period, as well, but it's not in company stock (we're not structured as such). Are you able to diversify your RSU's?
No, it's just stock in the company. No other options. It's like a bonus on top of the cash bonus, which is nice.
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Old 03-03-2017, 02:51 PM   #90
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No, it's just stock in the company. No other options. It's like a bonus on top of the cash bonus, which is nice.
Ah, gotcha. Well, when the time comes that you are able to sell it....

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Old 03-04-2017, 12:43 AM   #91
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SNAP modified their agreement for employees to 150 days to match the executives timeline according to what I read. So it's quite likely that the stock price will be significantly different before any of them can sell.
Interesting how they match the executives timeline. So not even the execs can sell their stock yet. Things would look a lot different in the coming days, but they will still make some money.
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Old 03-07-2017, 12:42 PM   #92
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Not looking good for SNAP

Snap Inc
NYSE: SNAP - Mar 7, 12:27 PM EST
21.23USDPrice decrease2.54 (10.69%)
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Old 03-07-2017, 12:47 PM   #93
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Lol
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Old 03-07-2017, 06:48 PM   #94
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Old 05-17-2017, 10:02 AM   #95
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So Instagram filters were released this morning. Curious if anyone here actually bought in on the IPO.


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Old 05-17-2017, 10:24 AM   #96
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People who thought this was going to be the next AMZN or EBAY just got f*cked..

Instagram just made Snapchat it's bitch. One of my friends is a HUGE influencer, and while he was hot on Snapchat at one time (even mentioned in a popular Buzzfeed as one of the most influential Snappers), he completely abandoned his account when IG Stories came out and started adding features.

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Old 05-17-2017, 11:15 AM   #97
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even mentioned in a popular Buzzfeed as one of the most influential Snappers
Buzzfeed is just as credible as The Onion
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Old 05-17-2017, 12:34 PM   #98
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Buzzfeed is just as credible as The Onion
The point I was trying to make with that bit was that the coverage got him about 30K new followers overnight. But even with his huge following, he decided to bounce and focus on his IG following instead, as he could tell it was a sinking ship.
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Old 07-28-2017, 03:46 AM   #99
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I read that 7/29 (Saturday) is the first day SNAP employees can sell their stock, but being that this falls on a Saturday that day will be pushed to Monday leaving plenty of room over the weekend for their stock to be really low when the market opens (most likely) or possibly high (unlikely).
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Old 07-28-2017, 12:52 PM   #100
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Amazing opportunity here to go short and make some $$..

More info on the lockout period ending: https://finance.yahoo.com/news/wall-...110411652.html
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