Kylie Jenner tweet sends Snapchat share price tumbling

Snapchat responds to users critical of redesign'We hear you

Snap shares tumbled 6 percent on Thursday, eliminating $1.3 billion in market capitalization. Additionally, a hoax tweet saying the company would switch back to the original layout if enough people retweeted it has been retweeted nearly 1.5M times.

As Techcrunch explains, a celebrity social media influencer appears to have joined the chorus, and that may have had a direct effect on the company's stock price yesterday.

Snap Inc. shares have dropped by 12 percent this week, now floating around $17.

Snap's Jenner snafu is actually an important lesson for anyone investing in the stock market.

The thing is, the way Kylie Jenner's opinion of the latest changes on Snapchat is being portrayed isn't really fair to her. Kylie used Snapchat faithfully for a very long time.

Then, just as abruptly as she disappeared, Jenner re-emerged out of her social media cocoon like the silk-pajama-clad butterfly she is, with a newborn daughter in hand.

As reported by CNBC based on last Friday's close, the Citi analysts' new price target of $14 would mean at least another 30% drop. In Snap's case, it has 661,834,416 shares outstanding, according to the Nasdaq.

The shares plunged by 17% in August, after disappointing results.

Advisory warns of "exceptionally cold weather" for Ireland
The Met Office website reads: "Showers or longer periods of snow will affect eastern parts of the United Kingdom during Tuesday". For the rest of the week, temperatures will remain cold but will rise above freezing for the rest of the week.

The evidence isn't all there, though - while Jenner boasts a combined 128.5 million Twitter and Instagram followers, there's no saying for sure whether she was the exclusive catalyst to the stock drop. Because what is the point of an update, if people are not even opening the application anymore?

The Kardashian-Jenner brand isn't just strong in reality television.

Stash Learn Weekly Enjoy what you're reading?

The company has also created its own privacy and search tools to help users find Snaps and store them securely.

Later on in the day, the new mom posted another message reading "still love you tho snap.my first love", perhaps understanding the huge power of her words.

A petition on Change.org has already been signed by 1.2 million people calling for Snap Inc.to change the app back to how it functioned before the new 2018 update.

Jeremy Quittner is the financial writer for Stash.

Related News:

  • Missouri governor scorns indictment, denounces prosecutor

    Missouri governor scorns indictment, denounces prosecutor

    Greitens in a Thursday statement said the indictment on felony invasion of privacy charges won't stop him from serving. The governor has called Gardner a "reckless liberal prosecutor" out to "score political points" by pursuing the case.
    State Dept: 'Active security situation' at US embassy in Montenegro

    State Dept: 'Active security situation' at US embassy in Montenegro

    The embassy warned USA citizens to stay away from the area until further notice and told them to monitor local media for updates . The embassy issued a statement Thursday morning saying there was " an active security situation " near the building in Podgorica.
    Intel outlines plans to bring 5G to PCs next year

    Intel outlines plans to bring 5G to PCs next year

    Intel plans to make a splash in the 5G connected devices market by partnering with cellular carriers and hardware partners. The company expects edge computing to be the next major area of 5G technology to offer room for growth.
  • Bills make huge trade, land Josh Rosen in new CBS mock draft

    Bills make huge trade, land Josh Rosen in new CBS mock draft

    The Bills most notably lack depth at linebacker, and drafting a player like Roquan Smith or Tremaine Edmunds would certainly help. Even better is Brown has been often considered the top offensive tackle prospect in this draft by many.
    Black Panther Director Writes Emotional Thank You To Fans

    Black Panther Director Writes Emotional Thank You To Fans

    Who is the post-credits "White Wolf"? At least we can catch the character in Avengers: Infinity War when it hits theaters May 4th. Contrary to what many critics have said, Black Panther isn't the best Marvel movie, and Killmonger ( Michael B.
    Black Panther Is Ruling The Indian Box Office This Week

    Black Panther Is Ruling The Indian Box Office This Week

    In Hollywood there are few films with a primarily black cast, they are often underinvested, but Black Panther is changing that. They may not appreciate the significance of " Black Panther " yet but they enjoyed getting to see it with their classmates.
  • Oil prices falter out of the Wednesday gate on demand sentiment

    Oil prices falter out of the Wednesday gate on demand sentiment

    The outlook for US oil production in both 2018 and 2019 is "phenomenal", Deputy Energy Secretary Dan Brouillette said in an interview.
    Get Ready to Pay More for the Galaxy S9

    Get Ready to Pay More for the Galaxy S9

    As such, this is expected to be the main surprise of the tech giant as it relates to the capacity and capability of the camera. They will both have an 8MP front-facing camera and a 12MP main shooter but the bigger device will reportedly have dual lens.
    Sen. Rubio Says He Would Support Raising Age To Buy Rifles

    Sen. Rubio Says He Would Support Raising Age To Buy Rifles

    When asked what Peterson should have done, Israel said the deputy should have "went in, addressed the killer, killed the killer". High school students Mia Arrington, center, 18, of West End, and Cheyenne Springette, right, 17, of Mt.
  • Federal investigation documents list former Cyclone player

    Federal investigation documents list former Cyclone player

    Former Seton Hall assistant coach Tiny Morton allegedly received a $9,500 loan from ASM Sports , which is no longer in business. At the moment, that's unclear. "This could end up casting a pall over the NCAA tournament because of eligibility issues".

    Nokia 7 Plus renders reveal its design in full glory

    This year's event promises more of the same, with a comparatively small number of new smartphones in relation to previous years. Nokia experimented with its design and the work they did before launching their Android Version devices is more than visible.
    South Africa's anti-graft watchdog says minister misled parliament

    South Africa's anti-graft watchdog says minister misled parliament

    Financial markets roared their approval when Ramaphosa of the ruling African National Congress (ANC) was sworn in last week. That is barely in line with population growth and far short of the 3% expansion for 2018 Mr.


Most liked

BB&T says 'technical issue' impacting online, ATM services
A BB&T outage that left millions of customers unable to access their accounts overnight is finally starting to be resolved. BB&T says ATMs, online banking, their mobile banking app, and their automated Phone24 service all stopped working.

Australian Deputy PM resigns amid sexual harassment claim
Mr Joyce said he had been "made indirectly aware" of the allegation and described the claim as "spurious and defamatory". That helped factionalise his party room opening the way for an internal push to dump him once a reason to do so arose.

Turkey uses home-made arms in Afrin operation - government source
President Recep Tayyip Erdoğan warned that the forces will face "serious consequences" and they will be regarded as legitimate targets.

Royal Bank of Scotland reports first profit in 10 years
Renaissance Technologies LLC raised its holdings in Royal Bank of Scotland Group by 80.1% in the 4th quarter. Investors are still nervous about the multi-billion pound fine the bank is expecting from the US.

Sensex, Nifty close high over gains in global equities
Tata Steel (+3.65%), Auro Pharma (+2.91%), Vedanta (+2.88%), Yes Bank (+2.77%) and UPL (+2.48%) were the top gainers on Nifty50. Both these indices outperformed the Sensex.

Vehicle strikes security barrier by White House, driver apprehended
UPDATE: No law enforcement personnel were injured during the incident involving a vehicle hitting a barrier near the White House. The US White House has been placed in lockdown after a driver rammed a vehicle into a concrete security barrier.

BHP Billiton Limited (BHP) Raises Dividend to $1.10 Per Share
The shares price has positioned 15.85% over the past quarter while it has directed 19.43% shift throughout past six months. Shareholders will be the losers if a company invest in ventures that aren't profitable enough to support upbeat growth.

Somewhat Positive Media Coverage Somewhat Unlikely to Impact Tesla (TSLA) Share Price
Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corp invested 0.03% in CarMax Inc. (NYSE:COL). The company was maintained on Wednesday, August 30 by Goldman Sachs. (NASDAQ:TSLA) on Thursday, November 2 with "Hold" rating.

OPEC, allies job is not done yet - Mr al-Mazroui
They do not want to tempt the United States oil drillers to increase output, but USD70 oil could work for everyone, according to media citing Saudi officials.

Here's how you can leave a message for Billy Graham's family
I was disappointed to read The Daily Tar Heel online this week and see no mention of the Reverend Billy Graham's passing. Billy Graham chose one of his favorite Scripture verses from the Bible to be placed on his grave marker.

Governor signs pay raise bill
"This was nearly completely a grassroots movement", said Erica Newsome, an English teacher in Logan County. Associated Press reports and Beth Sergent contributed to this article.

Qualcomm Raises Bid For NXP, Could Scuttle Broadcom Takeover
Salehpour Ali sold $6.44M worth of stock. 267.56 million shares or 0.84% less from 269.83 million shares in 2017Q2 were reported. That's crucial to Qualcomm's case that it's better off as an independent entity than selling to Broadcom for $82 a share.

Ireland team announced with confirmation that two huge players miss out
Peter O'Mahony maintain his place while CJ Stander reverts to the starting XV in place of Jack Conan, who drops down to the bench. Munster centre Farrell slots in for Robbie Henshaw , now sidelined for up to four months after a dislocated shoulder.

Video Of Yearbook Of Student Accused Of Being 'Crisis Actor' Goes Viral
A notice on the video now says, "This video has been removed for violating YouTube's policy on harassment and bullying ". In a statement , a YouTube spokesperson said , "This video should never have appeared in Trending ".

I don't understand Ozil clash comments — Henrikh Mkhitaryan
A lot has been written about Ostersunds' English manager Graham Potter, who wants to manage in the Premier League someday. It was Iwobi's 27th game in all competitions for the Gunners this season and he has recorded two goals and four assists.