The real catalyst is CA passing billionaire tax. Assume he has 50% control (the other 50% by CTO), 5% tax is close to 50m shares. He only has about 150-170m shares of economic interest left. Either he pays a huge tax bill or he abandons the super voting shares structure. Or he can shamelessly issue extra shares to himself and ask shareholders to pay for that, which for a scam artist he can perfectly pull that off.
@mualharby195762@RandianCapital@jdunrrp@evanspiegel@MKBHD@WVFRM@specs@JoyReignVr Execution requires Evan the Loser to be an adult, which he has not exhibited any trace of that. If you listened enough number of his BS podcasts, you can tell he really enjoys not being an adult while running this perpetual self enriching equity scam.
@RandianCapital@evanspiegel A regular day as snap shareholder. No one has destroyed more shareholder value in the history of American capitalism while enriching himself to billionaire than Evan the Loser. Well done but Karma will one day catch you.
The irony of Evan the Loser controlling 99% of snap is that he thinks the equity is free, because he can issue unlimited amount. That is the same thinking of government owners and managers of state owned enterprises in EM countries, the same thinking of outright fraudsters, and the same thinking of financially truly illiterate owners/managers. Evan the Loser is in a rarified league.
@RandianCapital@evanspiegel Snap longs should all pray Evan the Loser going down the rabbit hole fast and furious. Tanking the stock to pennies and trigger real change. Evan the Loser: bring it on and destroy the company!
@RandianCapital@evanspiegel Only two signals matter on Evan the Loser Co: insiders sale (20m from Bobby before the launch) and long tenured senior management departure (GC and CFO) before the launch. The rest is all noise. Evan the Loser should be sued to write that September letter and those BS podcasts.
@torovictorioso@RandianCapital@specs To all the snap longs, please stop pumping the stock. You only provide exit liquidity to insiders. The only way to make real money on this sucker is to see the stock going down until Evan the Loser can’t pay out the SBC any more and force real change.
@RandianCapital@evanspiegel Bullish take is they don’t have massive inventory loss in waiting. Bearish take is that September letter and so called crucible year rallying cry was a complete smoke screen to provide exit liquidity to insiders. Nobody will believe a thing he says going forward