Kylie Jenner Krushes Snap - One Tweet Costs Company $1.4 Billion Market Cap

If this isn't quite the death of Snapchat, it's definitely a serious blow.

Snap shares were down more than 7% this morning after Kylie Jenner tweeted her criticism of Snapchat's latest redesign last night: "soooo does anyone else not open Snapchat anymore? Or is it just me...ugh this is so sad."

We imagine the company's shareholders would agree.


Shortly after, she tweeted something of an apology: "still love you snap... my first love."



But the damage had, apparently, already been done...the company's shares have now erased most of their post-earnings climb...

The Snapchat parent’s shares sank as much as 7.2 percent Thursday, erasing $1.3 billion in market value.




As the company's share price crumbles, Snap CEO Evan Spiegel is poised to become one of the highest-paid US executives for 2017, thanks to a $636.6 million stock grant for sheparding his still-young company to a public offering in March of last year.

He’ll receive the shares in increments through 2020.

In addition to the bonus, Spiegel, 27, received about $1.08 million in corporate perks, including legal fees and $561,892 for personal security services. Meanwhile, his salary was cut from $500,000 to $1 around the time of the IPO.

And Spiegel isn't the only Snap executive who's receiving a cushy windfall. Chief Strategy Officer Imran Khan received $100.6 million in compensation last year. However, most of that - $100.1 million - is stock that won't be fully vested until about a decade from now.

Jenner's tweet drew a chorus of criticism from her 24.5 million followers. Wall Street analysts have also begun to notice, citing recent user engagement trends as a sign that the recent redesign is extremely unpopular.


Liberal Pool Shark Thu, 02/22/2018 - 13:24 Permalink

Snapchat is a racism-free social media app where poor, uneducated, black people with the aid of us liberal vigilantes make fun of white people without worrying about repercussions.  




I just love that important voices of our generation like Kylie and Kanye are speaking up on some of these really pressing issues of our time like Snapchat’s new layouts and so forth.  


Our generation needs people like the Jenners and Kardashians to give us directions so we can all be like them.

In reply to by Pool Shark

MarsInScorpio Buckaroo Banzai Thu, 02/22/2018 - 14:10 Permalink


You wrote: "CEO (((Evan Spiegel)))"

So some Jew is kicking everybody's ass by having the brains at 27-years of age to put together the deal, and you make that (((asshole notation))) about it.

WTF is with the shit-swarming lunatics like you and your OCD fellow losers  about being Jewish?

Jealous because you can't hold a candle to this guy? Pissed because he put this company on the radar, and you don't even know where the radar is?

Or are you just so deranged that you and the Black Racist Thugs with their White Privilege shit are both are on the same lunatic level spouting your (((joomani this and joomani that controlling everything on the planet down to when you take a shit?)))

GFY, you depraved mutt. You're lower than whale shit at the bottom of the ocean.

Take your worthless hide, and all your shit-for-brains (((joomani lunatics))) with you to some other site so that when we tell people what a great site ZH is, we don't have to keep being embarrassed that you even exist here.

E S & D.



In reply to by Buckaroo Banzai

Stackers BennyBoy Thu, 02/22/2018 - 13:11 Permalink

Meanwhile, his salary was cut from $500,000 to $1 around the time of the IPO.

Oldest trick in the book for your average limo liberal.

$1 in "earned income" to pay income taxes and payroll (ssc) taxes on and the rest are dividends, capital gains, and disbursements which are taxed at next to nothing when you only have $1 of "earned income".... and they have no shame in acting like they are taking one for the team in doing this .... Mr "No pay" Elon Musk, cough cough


In reply to by BennyBoy

DillyDilly cobra1650 Thu, 02/22/2018 - 13:42 Permalink

& naturally, as with all (((media))), the emphasis is always to degrade, degrade, degrade, by glamorizing white sex kittens born & bred to suck nigger dicks.


Or in some cases, the polar opposite, where they take HALFRICANS, marry them in to the British Royal Family, because, well, they have superior cocksmanship, splash it all over the tabloids, and make it all seem normal.

In reply to by cobra1650

monkey-EGO nmewn Thu, 02/22/2018 - 15:55 Permalink

Yeah.  She's been complaining about that.  I told her to let me know when she was going to snap that post. WTF.

All kidding aside, I believe we may have a new start up concept.

Calling all Celebrities, Athletes, Movie Stars, and Well Known Assholes.  Are you looking to earn some side cash?  We're looking for partners.  

In reply to by nmewn