Snapchat stock loses $1.3 billion after Kylie Jenner tweet

The power of celebtards is immense. Jenner can hold companies hostage with zero effort.

Snapchat’s stock closed down 6% on Thursday after the reality TV star said she is no longer using the app. The plunge wiped about $1.3 billion off the company’s market value.

Jenner has been one of Snapchat’s most influential users.

Snapchat has been under fire from users who have criticized the app’s new layout for being too confusing to navigate. Over 1.2 million people have signed a petition on asking Snapchat to remove the redesign. Snap did not respond to a request for comment.

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