Snapchat Losses $1.3 Billion In Market Value Over Kylie Jenner
Snapchat Inc has lost $1.3 billion in market value on Thursday after reality star Kylie Jenner’s tweeted over the platform.
The reality star and mother of one, Kylie Jenner tweeted on Thursday stating if she is the only one using the platform which indirectly crashed the sales.
“Sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad,” Jenner tweeted. She later followed up with “still love you tho snap … my first love,”
Snap Inc.’s stocks fell by more than six percentage in Thursday trading, a loss of roughly $1.3 billion in market capitalization. Jenner has huge followings on various social networking platforms, such as Twitter and Instagram.
She gave birth to a girl this month, and her Instagram post announcing that the pregnancy quickly became among the most welcomed post on the social networking platform.