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clock_tower
on Feb 2, 2017
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Snap Inc. S-1
At least they're honest! Maybe it's the sector I'm in, but I rarely see this kind of candor in my sub-field of technology...
Game_Ender
on Feb 2, 2017
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I feel like S1 filings are always brutally honest like this. I believe it's a legal thing, they are afraid of future suits.
clock_tower
on Feb 3, 2017
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I hadn't known this! I definitely need to start reading S-1 filings for companies I'm interested in; I'm still an amateur at a lot of this...
rjeli
on Feb 2, 2017
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They are required by law to disclose this in SEC filings
ehaughee
on Feb 2, 2017
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Someone correct me if I'm wrong, but aren't they legally required to disclose this kind of information? Couldn't it could be considered misleading investors otherwise?
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