Please read the important disclosures at the end of this document. 1Basic share count of 1,157 million shares outstanding plus 30m shares in greenshoe option 2Market capitalization based on basic shares outstanding 3Fully diluted shares outstanding (“SO”) includes 30 million shares greenshoe, CEO Award (SEC Form S-1/A Filing (February 16, 2017) (“Snap S-1”) at page … Continue reading Understanding Snapchat – The Next Facebook or Another Twitter?