Oh Snap! Kylie Causes a Huge Loss!
20-year-old, Kylie Jenner is one of the most influential celebrities and an avid user of social media. The reality star has approximately 24.5 million followers on Snapchat. Recently, Kylie tweeted about the latest update of the app and Snapchat incurred a loss of over a billion dollars! This is what she tweeted:
sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad.
— Kylie Jenner (@KylieJenner) February 21, 2018
(Source: Twitter)
With millions of followers on social media sites, this message seems to have had a major impact on the company. Following this tweet, Snapchat lost a whopping $1.3 billion off the market value of Snapchat-parent company Snap Inc.! Reportedly, Snapchat stock closed down 6% on Thursday following Kylie’s tweet, returning near the $17 price at which the shares were first listed when the company floated on the stock market. Jenner’s tweet has picked up over 45,000 retweets and over 255,000 ‘likes.’ Not too long after that, Jenner tweeted:
still love you tho snap … my first love
— Kylie Jenner (@KylieJenner) February 21, 2018
(Source: Twitter) Kylie wasn’t the only one to tweet about her worries about the app. In the past few days, celebrities like Chrissy Teigen, Jimmy John and others have also tweeted about this. Now, what remains to be seen is apart from other users, if celebrities will ultimately quit using this app. Snapchat, it’s time you pull up your socks!