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Snapchat Lost $800 Million After Rihanna Criticized Its Offensive Ad

Uwear

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Snapchat Lost $800 Million After Rihanna Criticized Its Offensive Ad | Vanity Fair


rihanna.png
 
Also, not as bad as.

Kylie Jenner is not happy about Snapchat's new redesign.Snap (SNAP) stock closed down 6% on Thursday after the reality TV star said she is no longer using the app. The plunge wiped about $1.3 billion off the company's market value.Jenner has been one of Snapchat's most influential users.


 
How can a company withstand almost two billion in loses and still maintain profitability?.
 
[h=1]Mark Zuckerberg couldn't buy Snapchat years ago, and now he's close to destroying the company[/h]
  • Facebook reportedly tried to buy Snapchat in 2013 for $3 billion to boost its appeal with younger users.
  • Rebuffed, Mark Zuckerberg turned Instagram into a potential Snapchat killer.
  • Now Snapchat's valuation is falling just before company insiders will be free to sell massive numbers of shares.
https://www.cnbc.com/2017/07/12/how...ed-instagram-to-crush-evan-spiegels-snap.html



 
Very hard to understand most people's logic when it comes to listening to actors that have no clue how to run a business. Just because one of them says NO, they all jump on the bandwagon. If they say yes, they still jump on the bandwagon.

Negative on my part.
 
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