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Finance and Markets: Evan Spiegel Snapchat Leader or Asshole?

CEO of Snap Inc (SNAP) Evan Spiegel sold 1,520,640 shares of SNAP on 09/04/2018 at an average price of $10.57 a share. The total sale was $16.1 million.

Is Evan a leader of a publicly traded social network oblivious to the tenets of “value” or an asshole with a capital A?

As his company’s stock falls with Facebook and he hires the CMO from Time Warner, what could be going through the man’s mind at such a time? New home? New car? Perhaps, like Mark Zuckerberg, the country has placed far too much trust in what amounts to nothing more than babies slinging Internet apps.

Let’s have a RUN on Social Network stocks today and send that message!

 

 

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