One Step Closer To The Edge

This country is fucking doomed.
When one offhanded Twitter message by some B list celebrity most of us have never even heard of has the backlash of costing a business over a Billion dollars in lost revenue, there is no hope anymore.

In One Tweet, Kylie Jenner Wiped Out $1.3 Billion of Snap’s Market Value

Snap Inc.’s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan.

Shares of the Snapchat parent company sank 6.1 percent on Thursday, wiping out $1.3 billion in market value, on the heels of a tweet on Wednesday from Kylie Jenner, who said she doesn’t open the app anymore. 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. Wall Street analysts too have begun to notice, citing recent user engagement trends noticed since the platform’s redesign.

4 thoughts on “One Step Closer To The Edge

  1. The values of companies like these is mostly theoretical. Nothing tangible is involved. The “market value” is based almost totally on the perception of investor and clients. Difficult to accurately measure, an easy come easy go kind of wealth. Like “cryptocurrencies” the value in based on faith, when the belief in the value evaporates the value disappears.

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