Snapchat Loses $1.3 Billion in Market Value Post Kylie Jenner’s Tweet

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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.

“sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad,” Jenner 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

She later followed up with “still love you tho snap … my first love,” but the damage may already have been done.

still love you tho snap … my first love

— Kylie Jenner (@KylieJenner) February 21, 2018

Snap Inc.’s shares fell by over six percent in Thursday trading, a loss of about $1.3 billion in market capitalization.

Jenner has huge followings on various social media platforms, including Twitter and Instagram.

She gave birth to a daughter this month, and her Instagram post announcing the pregnancy quickly became one of the most liked posts of all time on the social media platform.

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  • Kylie Jenner
  • Kylie Jenner Tweet
  • snapchat
  • Snapchat Market Value

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