Snapchat is facing the wrath of Rihanna and her fans, and it might have a significant impact on their bottom-line. According to CNN, Snap Inc.’s (SNAP) stock went down almost 4 percent (March 17), which is an $800 million loss from the company’s market value. While the tumble might not all be Rihanna’s doing, the PR nightmare does nothing to help the social-media platform.
“Now SNAPCHAT I know you already know you ain’t my fav app out there,” Rihanna wrote. “But I’m just trying to figure out what the point was with this mess! I’d love to call it ignorance, but I know you ain’t that dumb!”
Ouchhh snapchat, but lets keep our hopes high and see how Snapchat will make a comeback!