Snapchat loses $1billion after tweet

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Snapchat has lost over $1billion in value after a tweet from Kylie Jenner.

The reality TV star posted on Wednesday: “sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad.”

Snap’s value sank after Jenner’s tweet about Snapchat’s re-design to her 24.5 million Twitter followers.

Kylie later tweeted a follow-up: “still love you tho snap… my first love”.

Kylie’s attack comes at a time when business investors are already worried about its future.

Millions have users have also signed a petition to return the app to it older version after the latest update.

Snapchat has rejected complaints about the latest re-design, with its boss Evan Spiegel saying earlier this month that users just needed time to get used to it.

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