Wednesday, March 05, 2025 | 07:38 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

In one tweet, Kylie Jenner wiped out $1.3 billion of Snap's market value

Jenner's tweet was followed late Thursday by one from Maybelline New York, asking its followers if it should stay on the Snapchat platform

Kylie Jenner
Premium

Kylie Jenner

Justina Vasquez | Bloomberg
Snap Inc.’s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan.

Shares of the Snapchat parent company sank 6.1 percent on Thursday, wiping out $1.3 billion in market value, on the heels of a tweet on Wednesday from Kylie Jenner, who said she doesn’t open the app anymore. Whether it’s the demands of her newfound motherhood, or the recent app redesign, the testament drew similar replies from her 24.5 million followers. Wall Street analysts too have begun to notice, citing recent user engagement trends noticed since the platform’s redesign. 

Jenner’s tweet was
Topics : Snapchat

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in