Kylie Jenner’s tweet drops Snapchat’s shares by 6%: Report

Reality TV star Kylie Jenner, one of social media’s most prominent influencers, has sent shares of Snap Inc. down more than 6% - apparently - with just one tweet. Snapchat had recently rolled out a redesign of the app for iOS and Android users globally. Following the roll out, the update has received backlash from users globally leading to a change.org petition signed by over 6 lakh users. The 20-year-old joined in on the negative response as she tweeted against the redesign of the company’s video messaging app Snapchat, calling it ‘so sad.’ “Sooo does anyone else not open Snapchat anymore? Or is it just me ... ugh this is so sad,” she wrote
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Later, she added, “Still love you tho snap,” but it seems the damage may have already been done Following the tweet, which was liked more than 295,000 times, Snap Inc’s stock price plummeted and the estimated loss in market value added up to about $1.5 billion, reports E! Online.
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