[fnayr]

So I read the article, but I've seen claims like this before: some event correlated with a stock dive equals "proof" the event caused it, when it turns out some other news got announced like a quarterly result. Is that what's going on here?

[bspn]

I don't follow Snap well enough to know the cause of the dive, but they did release their first ever annual report as a public company this morning:

https://investor.snap.com/financial-information/sec-filings

[wungsten]

That is certainly a much more likely cause of the devaluing.

[fnayr]

Yep that's exactly what I was expecting. Thanks.

[Nadya]

It's poorly disguised marketing for Kylie Jenner. Look at the "influence" she holds, wiping out $1.3B from Snapchat value! Wouldn't you want her to support your {thing}? Imagine how much value it would bring your product.

[noobermin]

It probably isn't marketing for her as much as it's clickbait for bloomberg. I'm sure she doesn't mind the headlines regardless.

[Nadya]

Why not both? Getting paid to make a clickbait headline to prop someone up as an influencer.

Although upon further thought - you're more likely to be right that it's just clickbait.