Snapchat’s Value Dropped By 1.3 Billion Dollars After Kylie Jenner Tweeted That She No Longer Uses The App

CNN Money reports that, Snap (SNAP) stock closed down 6% on Thursday after Kylie Jenner said she no longer uses the app. The plunge wiped about $1.3 billion off the company’s market value.

This loss comes shorly after the reality star & Beautypreneur tweeted “”Sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad,”  on Wednesday.

Kylie Jenner is certainly not the only person who has a problem with the new snapchat update as a whooping 1.2 million people have signed a petition on change.org

Kylie has 24.5 million followers on twitter and 104 million followers on instagram. It is unclear exactly how many followers she has on snapchat.

 

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