Kylie Jenner Drops Snapchat And Stocks Suffer

MELBOURNE, AUSTRALIA - NOVEMBER 18: Kylie Jenner takes a selfie on her phone as Kendall Jenner and Kylie Jenner arrive at Chadstone Shopping Centre on November 18, 2015 in Melbourne, Australia. (Photo by Scott Barbour/Getty Images)

kylie jenner Kylie Jenner has a bigger influence on the stock market than most would think. The wildly popular celebrity has mastered social media, and has millions of followers on multiple platforms like Instagram, Twitter and Snapchat. She is especially known for her prevalent presence on Snapchat, often being called ‘The Queen of Snap’. The most recent update to Snapchat however has caused quite a bit of controversy amongst users as well as celebrities like Jenner. The newest redesign received so much backlash that the Snap stock was downgraded on Wall Street on Tuesday.

Today alone the Snap stock has dropped 8 percent. This is not coincidentally following a tweet by Jenner asking if anyone still opens Snapchat. The tweet is a clear snub at the changes made to the world renowned app, which has even resulted in a petition to be created on The petition has acquired over 1.2 million signatures so far, and is goaled at 1.5 million signatures.