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lling shareholders & inability to source a locate Historical Mute Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction( Some conf &skin on shore pekes as secondary market pikes ore currently '$5000/shore. Everything in prospectus reflects o 00-to-one shor
rdinate calls with John Egon, 8.4IVIL's Short Analytic Specialist Expected Trading Dynamics • Our understanding is that on the morning of trading, the Floor Specialist will act like a stabilizing agent normallywould (with banks advising) to help match supply and demand • The opening is likely to be very delayed as
selling shareholders & inability to source a locate Historical Private Share =rading 2017: $37.50 to $125 1/1/18 to 2/22/18: $90 to =132.50 (excl Tencent transaction) Some confusion on share =rices as secondary market =rices are currently -55000/share. Everything in =rospectus reflects a 40-to-one sh
o coordinate calls with John Egan, BAML's =hort Analytics Specialist Expected Trading Dynamics Our understanding is that on the =orning of trading, the Floor Specialist will act like a stabilizing =gent normally would (with banks advising) to help match supply and =emand • • The opening is likely to be very =elay
g shareholders & inability to source a locate Historical Private Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction) Some confusion on share prices as secondary market prices are currently —55000/share. Everything in prospectus reflects a 40-to-one sh
oordinate calls with John Egan, BAML's Short Analytics Specialist Expected Trading Dynamics • Our understanding is that on the morning of trading, the Floor Specialist will act like a stabilizing agent normally would (with banks advising) to help match supply and demand • The opening is likely to be very delayed
Entities connected to both Tencent and the Floor Specialist

Jeffrey Epstein
PERSON
Richard Kahn
PERSONAmanda
PERSONVivendi
ORGANIZATIONBull/Bear Views
ORGANIZATIONGlobal Markets
ORGANIZATION
Stockholm
LOCATIONPierce, Fenner & Smith
ORGANIZATION
Global Research
ORGANIZATION
Woody Allen
PERSONTencent Music Entertainment & Tencent
ORGANIZATIONDavid Fiszel
PERSON
BofA Merrill Lynch
ORGANIZATIONJohn Egan
PERSONAllen&Co
PERSONLyft/Uber/Airbnb
ORGANIZATIONMartin Lorentzon
PERSONSpotify & Apple Music
ORGANIZATIONFinancials - Fl
ORGANIZATION