After August 14th 1B Snap shares can flood market, only 200M traded today
marketwatch.com
marketwatch.com
Explains this as well, 782 million shares from employees but 400 million from Evan and cofounder and 400 million from early investors. I assume employees would sell quite a bit, estimates are there will be over twice the amount of Shares currently being traded. Investors can trade on Monday, employees on the 14th