Kylie Jenner's tweet wipes US$1.3b off Snapchat's value
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.
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| Kylie Jenner arrives for the Costume Institute Benefit on May 1, 2017, at the Metropolitan Museum of Art in New York. (Photo: AFP/Angela Weiss) |
"sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad," Jenner tweeted.
She later followed up with "still love you tho snap ... my first love," but the damage may already have been done.
Snap Inc's shares fell by more than six per cent in Thursday trading, a loss of about $1.3 billion in market capitalisation.
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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