Apps News

Snap, Inc. Stocks Plummet $1.3 Billion After Kylie Jenner Leaves App


Snap, Inc. (SNAP) stocks closed down 6% Thursday after a tweet from Kylie Jenner, suggested she no longer uses the titular app, went viral.

The percentage drop decreased Snap’s market value by $1.3 billion dollars.

This drop comes after a noticeable rollercoaster of market value in Snap after the newest update left users of the app unhappy and crying for a revert to the previous user interface.

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

The tweet by Jenner suggested that she didn’t use the app anymore because of the new interface changes, something that caused over 1.2 million users to petition against.

In a second tweet, Jenner comments that Snapchat is still her first love.

Snapchat is set to release an update that will make the app easier to use by using tabs in the Discover and Friends portions of the app.

Snap closed out at 4.65 percent with market price valuing at 18.00 after hours on Friday.


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