May 27, 2020 01:00PM ET

May 27, 2020 01:00PM ET

Investing.com - Snap (NYSE: ) employees will finally be able to sell their stock on Monday, more than 5 months after its IPO.

Employees were subject to a pre-earnings blackout period, which ended on Thursday.

In its latest earnings report, Snap reported that user growth declined and quarterly losses tripled.

The company is on track to lose more than $1 billion in 2017.

Stocks have slumped and are now down to around half their post-IPO high.

Snap's user growth has collapsed since Facebook (NASDAQ: ) rolled out Instagram Stories last August.

The debate has shifted from whether Snap would be the next Facebook,

to whether Facebook would be the end of Snap.

But co-founders Evan Spiegel & Bobby Murphy said they won't sell any of their shares this year.

Spiegel & Murphy own more than 420 million shares combined, almost $5 billion worth of Snap stock.