Here's how much value Snapchat lost thanks to Kylie Jenner's tweet

Bloomberg’s Taylor Riggs reports on Snap Inc

Snapchat is over. So says Kylie Jenner, the patron saint of Generation Z and one of the biggest social media influencers of the moment.

If you were looking for evidence that the Kardashian empire is actually a global panopticon capable of shaping the fate of the world with the push of a "post" button, one tweet from Kylie Jenner looks like it just cost Snapchat $1.3 billion.

Snapchat rolled out a significant redesign, which included mixing people's private messages and their stories together under one banner, confusing users instantly.

Shortly after, shares in Snapchat parent company Snap fell as much as 8.5 percent, with the SNAP stock closing down by a harrowing 6 percent at the end of Thursday. The redesign was supposed to make Snapchat more approachable to new users, but it's been the subject of a backlash from its existing audience, highlighted by a petition with over 1.2 million signatories.

Spanish Police Officer Dies After Clash with Fans at Football Match
But shortly after that, fighting broke out in the Deusto district when a few Russian ultras threw a glass at a group of home fans. Many fans were seen trying to run away from the trouble as fireworks exploded all around.

Colts awarded no compensatory picks in 2018 NFL Draft
This marks the first time since 2011 that Tampa Bay has been awarded a compensatory pick. Lang, Julius Peppers , Jared Cook , JC Tretter and Eddie Lacy to free agency.

Stoger: Dortmund were lucky to survive Atalanta scare
For Batshuayi, it was a totally disgusting feeling as he took to Twitter to slam the racist fans in a Twitter post. The Belgian striker moved to the German club on loan on deadline day from Chelsea .

The petition's core complaint is that the new update "has not made the app easier to use, but has in fact made many features more hard ..."

"There is a general level of annoyance among users and many have chose to use a VPN app, or are using other risky apps or steps, to go back to the old Snapchat as that's how annoying this new update has become", he continued. But he also hoped that the redesign could help fix some common problems faced by all social media apps, he told the Guardian before the launch. "Many "new features" are useless or defeats the original purposes Snapchat has had for the past years". Over a million people signed a petition urging the company to switch back to its earlier design.

"I'm sorry for keeping you in the dark through all the assumptions. Or is it just me. ugh this is so sad", she wrote on Wednesday.

Related news:

Hot News

isis-killer-beheading-video-story-top Jaguars sign Blake Bortles to 3-year deal
Feb 26, 2018 - 03:30
However, he had a fantastic camp a year ago , and the Jaguars believed he was headed for a big season before his injury. ESPN's Adam Schefter reported the specific financials of the deal, which guarantees Bortles $26.5 million.

isis-killer-beheading-video-story-top School closed over ex-NFL player Jonathan Martin's shotgun picture post
Feb 26, 2018 - 02:06
LAPD officials declined to name the person who had been detained, but said that person is believed responsible for the post. The image on the Instagram account said: "When you're a bully victim & a coward, your options are suicide, or revenge".

isis-killer-beheading-video-story-top WEEKEND WEATHER: High winds, heavy rains, flooding possible
Feb 25, 2018 - 02:06
Meteorologists predict more than three inches of rain in Parkersburg and just below two inches in Huntington. Some locally heavy rain is possible and a few strong storms are possible.

isis-killer-beheading-video-story-top Attacker at US Embassy in Montenegro resented North Atlantic Treaty Organisation , joined 'Russophiles' Facebook group
Feb 25, 2018 - 02:04
The United Arab Emirates on Thursday condemned the terrorist attack on the U.S. embassy in Montenegro's capital Podgorica. The blast created a crater but caused no other material damage to the embassy property, the statement said.

isis-killer-beheading-video-story-top Winter Olympics: CAS finds second OAR guilty of doping
Feb 25, 2018 - 02:03
Fellow Russian Aleksandr Krushelnitckii was stripped of his curling bronze medal this week after testing positive for meldonium. They have been unable to wear national uniforms or have the Russian anthem played at medal ceremonies.

isis-killer-beheading-video-story-top U.S. tightens sanctions on North Korean shipping
Feb 25, 2018 - 02:02
The timing of the new measures coincides with the arrival in South Korea of Trump's daughter Ivanka. Phase two may be a very rough thing, may be very, very unfortunate for the world.

isis-killer-beheading-video-story-top Geely buys Daimler stake in China's biggest overseas auto deal
Feb 25, 2018 - 01:59
Documents released by Daimler on Friday show that Geely Chairman Li Shufu has built up a 9.69 percent stake in the German maker. The size of the investment leapfrogs a 6.8% stake in the Stuttgart-based group held by Kuwait and Renault-Nissan's 3.1% holding.

isis-killer-beheading-video-story-top Warren Buffett's annual letter: Berkshire got a $29 billion gift
Feb 25, 2018 - 01:57
On acquisitions, too-high prices were a barrier to almost all deals Berkshire looked at past year , says Buffett. Net earnings per Class A equivalent share attributable to shareholders jumped to $19,790 from $3,823 past year .

isis-killer-beheading-video-story-top Russia Parades Advanced Military Fighters in Syria
Feb 25, 2018 - 01:48
Moscow and Washington coordinate their air and ground operations against the Islamic State (IS) group in this zone. And now, reports also claim he is the Putin ally who allegedly controls Russian mercenaries working in Syria .

isis-killer-beheading-video-story-top Chiefs trade Peters, affirming confidence in Kendall Fuller
Feb 25, 2018 - 01:40
Look at it this way: In 2017, the Chiefs' top corners were Peters (elite), Mitchell (tons of questions) and Nelson (solid). By trading for Peters, the Rams are replacing one ball hawk ( Trumaine Johnson ) with an even better one.

isis-killer-beheading-video-story-top Russia's Su-57 fleet in Syria expands to four stealth jets
Feb 24, 2018 - 09:23
VeraLinn "Dash" Jamieson told congressional staffers and reporters during an Air Force Association briefing in Washington , D.C. Wael Al Hussaini posted a video on Twitter, on which, according to him, two Su-57 fighters approaching the landing are visible.

isis-killer-beheading-video-story-top Korean skeleton star opens his era with gold
Feb 24, 2018 - 09:20
He had the quickest start in all four heats, even setting a start record on the track at 4.59 in his second run. Dukurs only had two gold and three silver in this World Cup season, ending the season as world No. 4.

isis-killer-beheading-video-story-top First Android Go Smartphone To Be Unveiled at MWC
Feb 24, 2018 - 09:19
Some of the companies include the likes of Samsung, Huawei , LG, Motorola , ASUS, Xiaomi , HMD/Nokia , ZTE, Sony Mobile, and Vivo. It uses image recognition algorithms to identify things like the breed of a dog or different kinds of plants.

isis-killer-beheading-video-story-top Bruce McArthur facing 6 first-degree murder charges; additional remains identified
Feb 24, 2018 - 09:18
Police said they identified the remains of Marmudi and Navaratnam, who was a refugee from Sri Lanka, through dental records. However, Idsinga said investigators are very interested in at least two other properties in the Greater Toronto Area.

isis-killer-beheading-video-story-top Special counsel brings new charges against Manafort, Gates
Feb 23, 2018 - 02:13
The two men are charged with filing false income tax returns, failing to report foreign financial accounts, and bank fraud. Gates said in court papers filed Thursday that he does not oppose their departure and that he has new counsel, Thomas C.