Kylie Jenner calls Snapchat 'sad', company loses $1.3 bn

Kylie Jenner ruins Snapchat with just one tweet

Kylie Jenner ruins Snapchat with just one tweet

The parent company of Snapchat, Snap Inc. lost $1.3 billion in terms of market value on Thursday.

It's not butterfly effect, it's Kylie Jenner effect!

So why isn't Kylie a fan of Snapchat anymore?

"Then once, I just made a decision to try Instagram stories, just on a whim, so I just posted one or two things over there and boom, 400,000 people instantly saw it without me telling anyone about it". Following Jenner's critical tweet, though, the company's share price dropped over 8%.

Kylie Jenner tweeted that she doesn't use Snapchat anymore. TMZ tried to ambush Kanye West and Kourtney Kardashian after they went to see Black Panther together in Calabasas, but they had no comment on whether Jenner is the new de facto head of the New York Stock Exchange.

"We hear you, and appreciate that you took the time to let us know how you feel", Snapchat said in the post.

"Citigroup analyst mark may, after seeing a" huge step down", which became the effect of numerous negative user feedback on the redesign, downgraded Snapchat from "neutral".

Columbus Student Arrested after Posting Threat on Snapchat
The student was taken into custody by the Louisa County Sheriff's Office within an hour and was charged with a Class 6 felony. However, a source close to the investigation said the student is believed to reside in either Sussex Borough or Wantage.

Jenner has huge followings on various social media platforms, including Twitter and Instagram. "Many "new features" are useless or defeats the original purposes Snapchat has had for the past years".

The not-so-serious tweet damaged stock-value worth $1.3 billion.

Just weeks after rolling out a new update to its app, Snapchat is struggling to win over its users.

The company has also created its own privacy and search tools to help users find Snaps and store them securely.

Citi analysts Mark May and Hao Yan said that the "significant jump" in negative reviews since the redesign, "could result in a decline in users and user engagement, and could negatively impact financial results", Business Insider reports.

"I've always been skeptical of Snap because I think it's very hard for them to monetize... At a Goldman Sachs conference last week, Spiegel said, "... "I think that's a risk". She tweeted her opinion on 21 February, the day prior to Snap's market value experiencing a major slide.

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