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.
18 Responses
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