On Thursday, the enterprise information web site Bloomberg printed a narrative under a shocking headline: “In a single tweet, Kylie Jenner worn out $1.three billion of Snap’s market worth.”
The story was pegged to a 7 p.c decline in Snap Inc.’s inventory worth, and it might have you ever imagine that one tweet — simply 88 characters — was capable of destroy a good portion of the corporate’s market valuation.
For reference, this is the tweet in query:
sooo does anybody else not open Snapchat anymore? Or is it simply me… ugh that is so unhappy.
— Kylie Jenner (@KylieJenner) February 21, 2018
Sure, Kylie Jenner, the 20-year-old actuality TV star, is among the hottest Snapchat customers. And sure, the Kardashian household is extremely highly effective. However let’s not crown Kylie the queen of Snap’s inventory decline regardless of how enjoyable this picture is: Read more…