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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...
Drab stock car
  02/22/18
LOL @ this cartoon world
vengeful plum theater elastic band
  02/22/18
...
opaque mad-dog skullcap pervert
  02/22/18
...
naked green laser beams azn
  02/22/18
...
Vigorous associate school cafeteria
  02/22/18
a bafflingly awful redesign just for the sake of doing it al...
misanthropic exhilarant water buffalo
  02/22/18
Snapchat has never been profitable. Sticking with their old...
Contagious Maniacal Hell Affirmative Action
  02/22/18
this is the attitude of hordes of programmers and IT guys wh...
misanthropic exhilarant water buffalo
  02/22/18
is this programmers/IT guys, or some faggot execs in marketi...
appetizing theater stage
  02/22/18
...
Low-t mind-boggling electric furnace incel
  02/22/18
This is a genuine problem, but it's not the case with snapch...
Contagious Maniacal Hell Affirmative Action
  02/22/18
if your business model depends upon "the Kardashian-Jen...
Autistic Wrinkle
  02/22/18
...
appetizing theater stage
  02/22/18
...
bossy olive preventive strike
  02/22/18
Securities mastermen, if you had a twitter account like this...
Contagious Maniacal Hell Affirmative Action
  02/22/18
you're not an insider. why not? people do this all the ti...
appetizing theater stage
  02/22/18
...
submissive concupiscible ladyboy national security agency
  02/22/18
I don't see any issues with it, but I'm not sec lit.
odious rehab mother
  02/22/18


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Date: February 22nd, 2018 6:01 PM
Author: Drab stock car

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: vengeful plum theater elastic band

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: opaque mad-dog skullcap pervert



(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: naked green laser beams azn



(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: Vigorous associate school cafeteria



(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: misanthropic exhilarant water buffalo

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: Contagious Maniacal Hell Affirmative Action

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: misanthropic exhilarant water buffalo

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: appetizing theater stage

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: Low-t mind-boggling electric furnace incel



(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: Contagious Maniacal Hell Affirmative Action

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: Autistic Wrinkle

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: appetizing theater stage



(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: bossy olive preventive strike



(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: Contagious Maniacal Hell Affirmative Action

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: appetizing theater stage

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: submissive concupiscible ladyboy national security agency



(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: odious rehab mother

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)