Snapchat are set to lose a LOT of money because of Kylie Jenner's latest tweet

Oh dear

Author: Alex RossPublished 23rd Feb 2018
Last updated 23rd Feb 2018

It's no secret that the majority of Snapchat users absolutely despise the app's latest update. Many angry users have taken to Twitter to express their 'hate' for it, including some very famous celebrities such as Kylie Jenner, Chrissy Teigen and Snapchat legend Phillip Schofield.

But as Snapchat refuse to reverse the new update, Keeping Up With The Kardashians star Kylie Jenner may of just lost the brand a MASSIVE amount of money with one simple tweet.

Posting out to her 24.5 million Twitter followers, Kylie wrote, 'sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad.' sic

You might be thinking how does this affect Snapchat's money? Well, as Kylie is an extremely influential celebrity with Snapchat's main target audience, after her tweet was sent, Snapchat's stock performance plummeted dramatically.

According to reports, when Wall Street opened on Thursday morning, Snap Inc was trading at around $18.50 a share, but by 2pm (after Kylie's tweet) it had fallen to just over $17 a share.

But it seems Kylie was quick to change her opinion on the popular app, replying to her own tweet saying, 'still love you tho snap ... my first love'. sic

Follow some of your favourite celebrities on Snapchat, find their usernames below:

Lewis Capaldi

@LewisCapaldi

Calvin Harris

@CalvinHarris

Liam Payne

@liampayne

Perrie Edwards

@perriesnap

Ed Sheeran

@teddysdaytoday

Kylie Jenner

@KylizzleMyNizzl

Harry Styles

@ h.estyles

Ariana Grande

@moonlightbae

Taylor Swift

@taylorswift

Justin Bieber

@RickTheSizzler

Chris Pratt

@chrisprattsnap

Jesy Nelson

@jesynels

Miley Cyrus

@mileycyrus

Rihanna

@rihanna

Niall Horan

@niallhoran

Jade Thirlwall

@justjadeamelia

Kendall Jenner

@kenjen

Zayn Malik

@zayn

Lady Gaga

@ladygaga

Kim Kardashian

@KimKardashian

Leigh-Anne Pinnock

@leigh-annepinn

Selena Gomez

@SelenaGomez

Vicky Pattison

@vickypattison1

Shawn Mendes

@shawnmendes

Jamie Laing

@jamielaing

Craig David

@craigdavid

Chris Hughes

@hchris22

Charlotte Crosby

@clc_17

Usher

@howusnap

Kem Cetinay

@kemcatinay

Phillip Schofield

@phillipschofe

Gemma Collins

@gemcqueen

Louis Tomlinson

@balmain28

David Guetta

@davidguettaoff

Cara Delevingne

@caradevilqueen

Amber Davies

@amber_davies7

Ferne McCann

@fernemccann

Gigi Hadid

@itsgigihadid

Sam Faiers

@samfaiers1

Ryan Gosling

@rygosg1980

Megan McKenna

@megan-mckenna

Zac Efron

@zacefron87

Kourtney Kardashian

@kourtneykardash

Nick Jonas

@jicknonas

Bosses at Snapchat made the decision to update the app to split your friends and family from businesses, but it hasn't gone down well with users.

As part of the update, the friends, stories and discover sections all updated.

After the update took place, a Snapchat user from Australia created an online petition on change.org titled 'Remove the new Snapchat Update'.

At the time of publication, the petition has 1,234,143 signatures, with the goal to reach 1.5 million growing closer and closer.

After receiving so much backlash, a spokesperson for Snapchat said, "Updates as big as this one can take a little getting used to, but we hope the community will enjoy it once they settle in.”

If you are one of the millions of people who don't like the new Snapchat update, there is a hack to get the old version back on your phone!

Read more about that right here.