Saturday, 24 February 2018

How Snapchat Lost over $1.3bn After Kylie’s Tweet

KUWDK reality star and popular model, Kylie Jenner recently tweeted about her absense on snapchat and it affected the shares of the popular app.

Snapchat’s parent company lost some $1.3 billion in market value on Thursday after reality star Kylie Jenner’s tweeted that she was no longer using the messaging service.

Snap Inc.’s shares fell by over 6% in Thursday trading, a loss of about $1.3 billion in market capitalisation. Jenner has huge followings on various social media platforms.

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