Snapchat Loses $1.3bn After Kylie’s Tweet

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Snapchat’s parent company lost some $1.3 billion in market value on Thursday after reality star Kylie Jenner’s tweeted that she was no longer using the messaging service.

Snap Inc.’s shares fell by over 6% in Thursday trading, a loss of about $1.3 billion in market capitalization. Jenner has huge followings on various social media platforms.

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