Snapchat Lost $1.3billion because Kylie Jenner announced she doesn't Use the App Anymore

Snap Inc. shares plummet Thursday, loosing $1.3 billion after Kylie Jenner hinted she had stopped using its flagship product, Snapchat app.
The organisation’s stock dipped about 6.1% after she tweeted: “sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad.”
The compaany’s stocks closed at $17.51 – representing a loss in value of $1.3 billion.
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.