Snap Stock Tanks After Kylie Jenner Tweet Blasting Snapchat
Snap Inc.’s stock value tanked on Thursday, a day after Kylie Jenner tweeted her dissatisfaction with the Snapchat app. “sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad,” Jenner tweeted on Wednesday, later writing: “still love you tho snap ... my first love.” As a result, Snap Inc.’s stock was down 8 percent by Thursday afternoon. Jenner’s criticisms of the app come after young people nationwide expressed similar sentiments about the new redesign.