According to the BBC report, Reality TV star Kylie Jenner in his tweet says that she is no longer using her Snapchat. Ms Jenner has about 24.5 million Twitter followers. After her tweet, many of his followers redesigned the messaging app. The share price of the Sanpchat goes down in the stock market.

With a single tweet, the investors bears loss of $1.3bn worth of stock over the share market. About a million investors change the curve of share price in Wall Street. According to the report,

Celebrity Kim Kardashian’s half-sister posted: “sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad.”

 

At that time almost 8% shares of Snap goes down and at the end, the share goes down up to 6% on Wall Street. The share price declined and now after some stability, the single share of Snap is available for $17 that is the actual price when the company float shares in the stock markets.

Where similar social networking app Instagram rivalry is giving tough time for the investors, the fans following of Ms Jenner impact on the share price and market share in the industry. The investors of Sanp are worried about their financials after the decline.

%name Reality TV star Kylie Jenner tweet about Snapchat hurts its investors, share price decline

Earlier this, the executive of the Sanp refuse for the November redesign of Snapchat app. About a week ago, the company announced to redesign the app. Chief Executive Evan Spiegel says he was happy for the redesigning of the app. According to the report,

The petition titled ‘Remove the new Snapchat Update’, which has been signed by over 1.2 million people so far, said the new update made many features difficult to use.

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