Stock Price Tumble Teaches Snapchat What Happens When You Disappoint Kylie Jenner
Snapchat has long positioned itself as the place for advertisers to reach millennials while its closest competitor, Facebook, is stuck with the olds. But on Thursday, Snap executives got a lesson in the terrifying, fickle nature of its young influencers, to the tune of a $1.3 billion loss. Snap, the parent company of Snapchat, saw…