Did Kylie Jenner Cost Snapchat $1.3 Billion?

Did Kylie Jenner Cost Snapchat $1.3 Billion? 

Posted: 2:39 pm Thursday, February 22nd, 2018

By mjonbli

Alexander Wang - Front Row - September 2016 - New York Fashion Week

NEW YORK, NY – SEPTEMBER 10: Kylie Jenner attends the Alexander Wang show during New York Fashion Week at Pier 94 on September 10, 2016 in New York City. (Photo by Presley Ann/Patrick McMullan via Getty Images)

Just like most of us, Kylie Jenner is not happy with the new Snapchat update, except her dismay might have cost the company $1.3 billion. Ky tweeted Wednesday, saying she doesn’t use the social media app at all or as much as she did before. And less than 24 hours after that tweet, Snapchat’s shares tanked by as much as 7.2% … equaling a whopping $1.3 BILLION loss. Could it just be a coincidence?  We can’t say for sure that her tweet  caused the punch in their pocket, but Kylie does have a huge effect on social media, having a combined 128.5 million followers on Twitter & Instagram).  11 minutes later, she professed get love for Snapchat, trying to back peddle her way out of it.