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  1. “The company described the lawsuit as “meritless” and said its pre-IPO disclosures were “accurate and complete.” It said it would continue to cooperate with the SEC and Justice Department. ”

    I do not think this investigation is without merit. I think that the SNAP IPO was a little dodgy. They also only issued preferred stock if you can believe it! No voting rights whatsoever.

  2. This subpoena spells trouble in my opinion

  3. I think {SNAP} was a bit of a scam IPO

  4. I always thought that the SNAP IPO was BS. Only preferred stock? WTF

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