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In One Tweet, Kylie Jenner Wiped Out $1.3 Billion of Snap's Market Value

Snap Inc.’s flagship platform has lost some luster, at least...
costumed office
  02/22/18
LOL @ this cartoon world
idiotic diverse community account
  02/22/18
...
Carmine embarrassed to the bone church background story
  02/22/18
...
Irate aromatic cuckold hell
  02/22/18
...
excitant useless native dysfunction
  02/22/18
a bafflingly awful redesign just for the sake of doing it al...
Floppy Effete Jap Resort
  02/22/18
Snapchat has never been profitable. Sticking with their old...
hyperventilating trump supporter mad-dog skullcap
  02/22/18
this is the attitude of hordes of programmers and IT guys wh...
Floppy Effete Jap Resort
  02/22/18
is this programmers/IT guys, or some faggot execs in marketi...
Cowardly Lake Roommate
  02/22/18
...
Thriller school
  02/22/18
This is a genuine problem, but it's not the case with snapch...
hyperventilating trump supporter mad-dog skullcap
  02/22/18
if your business model depends upon "the Kardashian-Jen...
pink know-it-all step-uncle's house clown
  02/22/18
...
Cowardly Lake Roommate
  02/22/18
...
internet-worthy french chef
  02/22/18
Securities mastermen, if you had a twitter account like this...
hyperventilating trump supporter mad-dog skullcap
  02/22/18
you're not an insider. why not? people do this all the ti...
Cowardly Lake Roommate
  02/22/18
...
cheese-eating gunner
  02/22/18
I don't see any issues with it, but I'm not sec lit.
Marvelous pearly fortuitous meteor
  02/22/18


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Date: February 22nd, 2018 6:01 PM
Author: costumed office

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.

Kylie Jenner

✔

@KylieJenner

sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad.

3:50 PM - Feb 21, 2018

279K

54.1K people are talking about this

Jenner’s tweet was followed late Thursday by one from Maybelline New York, asking its followers if it should stay on the Snapchat platform. The beauty-product brand owned by Paris-based L’Oreal SA said its “Snapchat views have dropped dramatically,” but it still wanted to connect with its followers.

Citigroup analyst Mark May downgraded the stock to sell from neutral earlier this week after seeing a “significant jump” in negative reviews of the app’s redesign. He expects the reviews could cause user engagement to fall, hurting financial results.

Meanwhile, as the app takes criticism, Chief Executive Evan Spiegel may become one of the highest paid executives in the U.S. After the company’s IPO last March, Spiegel got a $636.6 million stock grant that will be payable through 2020.

"Still love you tho snap," Jenner hedged in a later tweet.

— With assistance by Luke Kawa, and Courtney Dentch

https://www.bloomberg.com/news/articles/2018-02-22/snap-royalty-kylie-jenner-erased-a-billion-dollars-in-one-tweet



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35463891)



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Date: February 22nd, 2018 6:02 PM
Author: idiotic diverse community account

LOL @ this cartoon world

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35463899)



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Date: February 22nd, 2018 6:02 PM
Author: Carmine embarrassed to the bone church background story



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35463901)



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Date: February 22nd, 2018 6:03 PM
Author: Irate aromatic cuckold hell



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35463910)



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Date: February 22nd, 2018 6:07 PM
Author: excitant useless native dysfunction



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35463947)



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Date: February 22nd, 2018 6:19 PM
Author: Floppy Effete Jap Resort

a bafflingly awful redesign just for the sake of doing it alienates millions of customers, including celebrities. seems like the right outcome

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464053)



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Date: February 22nd, 2018 6:21 PM
Author: hyperventilating trump supporter mad-dog skullcap

Snapchat has never been profitable. Sticking with their old design because the "customers" who pay them no money but use a shitton of bandwidth is stupid. Sure, a redesign might destroy the company, but the old design wasn't working either.

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464065)



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Date: February 22nd, 2018 6:22 PM
Author: Floppy Effete Jap Resort

this is the attitude of hordes of programmers and IT guys who have to "tinker" around with something that already works just to justify their existence. most software and apps have gotten worse as time goes on, which is ridiculous

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464083)



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Date: February 22nd, 2018 6:30 PM
Author: Cowardly Lake Roommate

is this programmers/IT guys, or some faggot execs in marketing who cant keep them in check?

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464162)



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Date: February 22nd, 2018 6:35 PM
Author: Thriller school



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464202)



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Date: February 22nd, 2018 6:41 PM
Author: hyperventilating trump supporter mad-dog skullcap

This is a genuine problem, but it's not the case with snapchat. Snapchat has never made money. The goal of the app was to make money. Therefore, the app has never worked and with the old design likely never could work.

The redesign might not work, but that doesn't make the old design a good one. There are a lot of things that "work" if you're willing to just burn VC money.

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464252)



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Date: February 22nd, 2018 6:20 PM
Author: pink know-it-all step-uncle's house clown

if your business model depends upon "the Kardashian-Jenner clan," i hope it implodes.

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464061)



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Date: February 22nd, 2018 6:22 PM
Author: Cowardly Lake Roommate



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464084)



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Date: February 22nd, 2018 6:29 PM
Author: internet-worthy french chef



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464139)



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Date: February 22nd, 2018 6:21 PM
Author: hyperventilating trump supporter mad-dog skullcap

Securities mastermen, if you had a twitter account like this would it be legal to short snapchat just before destroying their tiny pink stock like this?

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464070)



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Date: February 22nd, 2018 6:24 PM
Author: Cowardly Lake Roommate

you're not an insider. why not?

people do this all the time. isnt this exactly what ackman did with herbalife to piss off icahn? some big time investor bets against a stock and then shits on it publically to drive the price down to execute his short position.

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464091)



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Date: February 22nd, 2018 6:28 PM
Author: cheese-eating gunner



(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464117)



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Date: February 22nd, 2018 6:26 PM
Author: Marvelous pearly fortuitous meteor

I don't see any issues with it, but I'm not sec lit.

(http://www.autoadmit.com/thread.php?thread_id=3900865&forum_id=2#35464102)