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Snapchat’s shares fell after Kylie Jenner Tweet on its boring design

Kylie Jenner, an American reality TV host, has created a storm with her single tweet for the biggest image messaging company, Snapchat. The tweet by Kylie Jenner has created a storm to the Snapchat’s share.

Snap’s shares sank after Ms Jenner’s tweet about Snapchat’s re-design to her 24.5 million Twitter followers.

After dropping almost 8%, shares in Snap closed 6% down on Wall Street, and are now back near the $17 price at which the shares were listed when the company floated on the stock market.

Snapchat is facing intense competition from Facebook’s Instagram – especially for celebrity users – and Ms Jenner’s attack comes at a time when investors are already worried.

Ms Jenner later tweeted a follow-up: “still love you tho snap… my first love”.

Snap has rejected complaints about November’s re-design to its messaging app, with its boss Evan Spiegel saying earlier this month that users just needed time to get used to it.

Mr Spiegel had something to soften the blow, though, with news on Thursday that his total pay last year was a staggering $637.8m.

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