The point of his post is "it's good for Snapchat in the long run - it indicates a healthy company."
So, it's very good for investors who invested in the company, i.e. the sorts of people that won't be selling the stock within 2 days of buying it. They'll hold on, and presumably make money in the long run as the values drag down.... and back up beyond the ipo value.
So, it's very good for investors who invested in the company, i.e. the sorts of people that won't be selling the stock within 2 days of buying it. They'll hold on, and presumably make money in the long run as the values drag down.... and back up beyond the ipo value.