As Bloomberg later cited in its poorly headlined story, Citigroup analyst Mark May downgraded Snap's stock earlier this week and cited the negative reviews of Snapchat's redesign. Indeed, other influencers like YouTuber "MKBHD" and celebrity Chrissy Teigen expressed frustration earlier this month. Read More
@calvinstowell, tweeting after beauty mogul/social media star/new mom Kylie Jenner on Wednesday expressed her disapproval with Snapchat since its redesign: “Sooo does anyone else not open Snapchat anymore? Or is it just me … ugh this is so sad,” Kylie tweeted. Her tweet — which has been … Read More
Snapchat has not been in a good way. The company has struggled since its inception to find ways to monetize its here-for-a-limited-time camera app. Its most recent redesign is a clear attempt to shove as many of those moneymaking features as possible in front of its users' faces, and as …
Kylie Jenner's single tweet about Snapchat wipes more than $1billion off Snap's market value. The reality star told her 24 million Twitter followers that she no longer uses the app. Share; Comments. By. Zoe ShentonLos Angeles Senior Showbiz and Entertainment Reporter. 23:58, 22 FEB 2018; Updated … Read More
While I have no doubt Kylie holds enough sway to get a few social media addicts to avoid the app, I don't think the people who are migrating away from Snapchat are doing so strictly because of her. The schism in Snapchat started weeks ago, and it's plain to see …
The Keeping Up With the Kardashians star, 20, said she no longer opened the app, prompting Snapchat shares to drop by 7.2 per cent in market value. Jenner was Snapchat's most-viewed account ever, using the platform to promote her Kylie Cosmetics line and sharing candid — and sometimes, … Read More
It's hard to parse what a lot of rich and famous young people actually do, but it can be truly staggering when they put the hammer down and show off just how much power they actually have. Whether she meant to or not, Kylie Jenner did that earlier this week …
Jenner's statement wasn't revolutionary, but it did validate the frustration and, in same cases, anger, the app's users have expressed since Snapchat rolled out a redesign: A Change.org petition calling on Snapchat to roll back the update gathered over 1.2 million signatures. (According to digital … Read More
Yet Jenner's tweet isn't the only possible reason why Wall Street may have turned on Snapchat. Despite CEO Evan Spiegel receiving one of the highest annual payouts ever in 2017, according to Reuters, Snapchat shares have traded below their IPO price of $17 since July, only recovering this month. Read …
Snap Inc.'s stock value tanked on Thursday, a day after Kylie Jenner tweeted her dissatisfaction with the Snapchat app. “sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad,” Jenner tweeted on Wednesday, later writing: “still love you tho snap … my …