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A Tweet That Sent Snapchat Shares Lower

February 26, 2018
A Tweet That Sent Snapchat Shares Lower

A single tweet can wreak havoc on the stock market, as shown by a recent post from Kim Kardashian's sister referring to Snapchat.
Kylie Jenner, the American reality-show star, Kim Kardashian's half-sister, nicknamed the “Queen of Snapchat”, wrote the following:

“So does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad”.

The comment came as the app's new design had dissatisfied many users. Following this post, at one point the app's shares recorded a drop of almost 10% - worth a total of about 1.7 billion, after the company had listed on the stock exchange last year.

Later, Jenner, with 24.5 million fans on Twitter, 104 million on Instagram, and 21 million on Facebook, posted a new, gentler message: “Still love you Snap... my first love”.

After its stock market launch, Snapchat shares have been in a slow decline, reaching a low of $11.36 per share, from which they then bounced upward twice already.

Even so, for long-term investments, Snapchat could qualify as an instrument with fairly good potential if the company focuses on developing and improving its platform. A good comparison is the stock of another company with a similar type of activity – Facebook, which faced a similar situation when it was listed on the stock exchange. Facebook shares initially fell by 57% (from $41 to $18 per share), then began the big run toward success, today recording a price of over $125 per share, meaning growth of almost 600% from historical lows.

To review the share performance of these companies without making any registrations, you can visit the Trader's Page.

And if you want to test stock market activity for free or manage real funds on the market, you need to , from where all account types can be opened.


Risk warning: This article is for information and education only, reflects the situation as of its publication date and does not constitute investment advice, an offer or a recommendation to buy or sell any financial instrument. Trading leveraged instruments (Forex, CFDs) and crypto-assets carries a high risk of losing your capital. Past performance does not guarantee future results. Before investing, assess your objectives and risk tolerance and, if needed, consult a licensed adviser. Details: Disclaimer & Risk Warning.

Translated from the Romanian original with AI assistance.

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A Tweet That Sent Snapchat Shares Lower - TRADING.md