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Wall Street Prepares For Snap Share Sell Off

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A flood of Snap Inc shares held back since the Snapchat owner's initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price. Starting on Monday and extending into August, early investors, employees and other insiders at the Snapchat owner can sell shares for the first time since its $3.4 billion March IPO, the third-largest ever for a U.S. tech company. That means the supply of stock on the public market could mushroom in a matter of weeks by hundreds of millions of shares from fewer than 200 million shares. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com

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