Business
14:57, 23-Feb-2018
Snapchat parent's stock plummets after Kylie Jenner tweet
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Snapchat's parent company lost some 1.3 billion US dollars in market value on Thursday
after reality star Kylie Jenner tweeted that she was no longer using the
messaging service.
"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," but the damage may already have
been done.
Snap Inc.'s shares fell by over six percent in Thursday's trading, a
loss of about 1.3 billion US dollars in market capitalization.
Jenner has huge followings
on various social media platforms, including Twitter and Instagram.
She gave
birth to a daughter this month, and her Instagram post announcing the pregnancy
quickly became one of the most liked posts of all time on the social media
platform.
Source(s): AFP