Snapchat Loses A Minimum Of $1.3 Billion Because Kylie Jenner Is No More Using The App

 

The market value of the popular social media app, Snapchat, dropped dramatically after the popular reality TV star and new mom Kylie Jenner tweeted she was no longer using the email application.  Shares of Snapchat's parent company fell 6.1% this week, causing a loss of $ 1.3 billion in market value yesterday after the queen of reality TV made the announcement. Maybe these are the requirements of being a new mom or because of the recent Snapchat redesign, Kylie's tweet has attracted similar responses from his followers.  Despite the huge backlash, Evan Spielberg, the parent company of Snapchat C.E.O, could become one of the highest-paid executives in the United States, due to the company's initial public offering. In March, Spielberg received a grant of $ 636.6 million, which remains to be paid until 2020.

See Kyle’s last tweet below:
“Still love you tho..my first love”.
Photo Credit: Getty

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