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Snapchat's Stock Drops by $800 Million After Rihanna Denounced the App

Snapchat's Stock Drops by $800 Million After Rihanna Denounced the App

Rihanna‘s criticism is being felt hard financially by Snapchat.

The stock price for the app fell around four percent on Thursday (March 15), according to CNN. It then fell another one percent on Friday (March 16). The loss wiped out “nearly $800 million from its market value.”

PHOTOS: Check out the latest pics of Rihanna

If you didn’t know, Rihanna called out the app for featuring an ad for a “Would You Rather?” game that presented the option to either slap Rihanna or punch Chris Brown. She denounced the ad, and the company issued two apologies.

This follows another celebrity hit: Snapchat’s stock dropped $1.3 billion in value after Kylie Jenner said she doesn’t use the app anymore last month.

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Photos: Getty Images
Posted to: Rihanna, Snapchat

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  • nicpace

    lol, miranda kerr’s husband money is running low

  • Daisy Wayt

    Gℴℴgle is paying you $97 every hour to complete some jobs on apple laptop .. Do job only for only few hours & have more time together with your own loved ones .. any individual can get this best career!!last Saturday I got a brand new Buick after just earning $21610 this-past/six weeks .it is truly the coolest job however you could not forgive yourself if you do not learn it.!tf942s:➵➵➵ http://GoogleHelloOnlineFreelanceJobs/get/pay/$99/eachhour… ♥c♥♥k♥v♥i♥i♥♥p♥♥e♥♥k♥♥♥v♥♥y♥o♥♥n♥m♥i♥♥♥t♥♥♥e♥♥♥o♥m♥♥♥y♥♥♥e♥l♥♥♥x♥♥♥l♥♥q♥♥♥k:!zf55t:qpvjy

  • Anne

    she will leave him for the next billionaire..but not after taking the child support millions and the prenup. lol what an idiot