Snapchat Loses $1.3 Billion After Kylie Jenner’s Tweet About Their Latest Update

Kylie Jenner does not like Snapchat’s new design and that has cost them over a billion dollars.

She had written in a Tweet, ‘Sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad,’

Shares in Snap – the app’s parent company – closed 6% down on the US stock market after Jenner’s post, which was in reference to a controversial recent redesign of the photo-sharing app. $1.3 billion was wiped out in market value.

The entrepreneur made a sequel post saying she still loves the app and it’s her first love but it seems the harm has already been done.


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