Kylie Jenner bitching about Snapchat redesign caused Snap stock to lose $1.3B Market Cap

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CelebrityGists.com — TV reality star, Kylie Jenner bitching about Snapchat redesign on Twitter caused Snap stock to lose over $1.3B stock market capitalization in just one day!

The 20-yr-old reality star tweeted Wednesday, suggesting she no longer use the social media app due to Snapchat’s latest redesign.

Kylie Jenner Snapchat tweet
Kylie Jenner Snapchat tweet

In less than 24 hours after her tweet, Snapchat’s shares tanked by as much as 7.2%, shelving off a whopping $1.3 Billion from Snap Inc. stock market capitalization.

“sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad.”
— Kylie Jenner (@KylieJenner) February 21, 2018

Jenner’s tweet has since been retweeted over 50k times with over 300k faves.

This comes several weeks after more than 1.2 million users signed a petition on Change.org, demanding that Snapchat parent company (Snap Inc.) undo its recent app design changes.

Snapchat as Kylie Jenner's first love
Snapchat as Kylie Jenner’s first love

Several minutes after her tweet made headlines, Kylie tweeted 11 minutes later professing her love for Snapchat, saying:

“still love you tho snap … my first love” — Kylie Jenner (@KylieJenner) February 21, 2018

No one can say for sure if her tweet caused Snap stock to take a nose dive, but Kylie does have a massive influence on social media; a combined 128.5M followers on Twitter and Instagram alone, with a demographic of 18 to 34 year olds.

Kylie Jenner Snapchat
Kylie Jenner on Snapchat redesign

Kylie Kristen Jenner is an American reality television personality, model, entrepreneur, socialite, and social media personality.


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