Friday, 23 February 2018

How just one Tweet from Kylie Jenner caused Snapchat to lose $1.3bn in market value

Just one tweet from reality TV and recent mom Kylie Jenner and Snapchat’s shares went tumbling, Bloomberg reports.

Millions of users of the social network have been complaining about the app’s most recent design, and it seems they aren’t the only ones displeased.

“sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad,” Kylie Jenner wrote, and shares from the company sank 6.1%, losing $1.3 billion in value.

 Eleven minutes later, Kylie soon followed up, tweeting: “still love you tho snap … my first love.”

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