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Snapchat Loses $1.3 Billion After Kylie Jenner’s Tweet

Snapchat’s parent company lost some $1.3 billion in market value on Thursday after reality star Kylie Jenner tweeted the above message asking if she was the only person who no longer uses Snapchat.

She later followed up with “still love you tho snap … my first love”

Snap Inc.’s shares fell by over six percent in Thursday’s trading, a loss of about $1.3 billion in market capitalization dropping almost 8%.

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The company’s shares are now back near the $17 price at which the shares were listed when the company floated on the stock market.

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