SAN FRANCISCO: A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.
Snap's shares fell as much as 1.7% on July 20 as analysts focused on the expiry of lock-up periods starting at the end of July, when insiders and employees will be allowed to sell shares for the first time since a US$3.4bil (RM14.57bil) initial public offer in March.
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