[dangxiaopin]

>insiders must already be aware

The lockup period does not expire till mid-october.

I read their 10-Q and found this gem about "user re-authentication":

"Users

MAUs at quarter-end were 300 million, representing growth of 30% year-over-year. This represents an acceleration in user growth, in part due to one-time changes to SEO algorithms and user re-authentication that impacted Q218. International growth drove the majority of global MAU expansion."

[mmaunder]

I'm sorry, I'm an idiot. Wtf does "user re-authentication" mean?

They're counting MAUs as number of logins and not number of active users?

[dangxiaopin]

I can only interpret that they are talking about logged in users with accounts. The users were logged out during the pre-IPO and that resulted in some double counting in their second post IPO 10-Q.

I was researching this because I asked myself a general question: "Why is the stock price of non dividend paying companies correlated to the performance at all?"