Kylie Jenner is really influential and good for business.
As Effiezy.com reported that Snapchat’s market value dropped by a whopping $1.3 billion the day after Kylie tweeted 18 simple words to bash the app. (READ HERE)
And, as of Friday’s market close, SNAPCHAT’s value kept dropping.
Snap Inc. market value:
Feb. 21 – $22.78B (The day Kylie tweeted)
Feb. 22 – $21.40B
Feb. 23 – $21.41B
This is music to the ears of Snapchat’s rival … Facebook. The social media giant, of course, owns Instagram. Snapchat and the InstaGram have been dueling for a few years now, but Snapchat’s best feature — posting “stories” — finally made its way to Instagram, which has since gotten the upper hand.
See Facebook’s market value over the past 3days:
Feb. 21 – $516.83B (The day Kylie tweeted)
Feb. 22 – $519.97B
Feb. 23 – $532.86B
Kylie might not have intended for any of this to happen … but such is her influence.