Friday, February 23, 2018

Kylie Jenner Tanks $1.3 Billion of Snapchat Parent's Market Value - Bloomberg

To which Benedict Evans tweeted "I hear the sound of @pmarca revising his bucket list." In other Snap news, Snap chief earns $638 million in 2017, third-highest CEO payout ever (Reuters)
"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 Tanks $1.3 Billion of Snapchat Parent's Market Value - Bloomberg

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