Given their moves on Snap after the disappointing results from Meta, not many frequent 'gain' posts on SNAP and the surprised response from wsb on the earnings results, it's clear that the majority of them purchased puts.
Maybe that's why Amazon was much more of an unsurprising bet for most speculators than Snap was, which explains this whole confusion. 60% up sounds like a good deal for anyone who just bought the dip in shares before market close.
With today's earning announcement, it has just recovered some of those lost market value. Still, with this positive news (i.e. about 60% increase in stock value, post earning announcement), they're around 50% down from its peak (which was just in the recent past, less than 6 months ago).
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