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5 March 2018, 12:47 | Updated: 5 March 2018, 12:58
Kylie reportedly wiped $1.3 billion off the company’s value following her comments on their new update.
Last month, it was reported that Kylie Jenner single-handedly wiped over a billion dollars off the value of Snapchat by making just one tweet.
The reality TV star, who gave birth to her daughter Stormi last month, voiced her dislike of the popular app's new update and claimed that she barely used it anymore.
sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad.— Kylie Jenner (@KylieJenner) 21 February 2018
Following her statement, shares of the company allegedly plummeted due to Kylie's influence across social media as her sentiments were echoed by many of her followers.
However, just days later, Kylie took to Snapchat to share a video of her newborn baby which prompted confusion among many of her fans. Reports follows that Snapchat had actually paid Kylie to post the video.
Blogger Perez Hilton tweeted - "Sources tell me Snapchat PAID Kylie Jenner to post this first clear photo of her daughter's face on their app! Smart of both of them!"
However, a spokesperson for Snapchat has revealed Jenner was not paid to post on the platform.
According to reports, over 1.2 million people have signed an online petition via Change.org, demanding that Snapchat revert back to its previous version.
Snapchat have responded to the petition with the following statement:
“We hear you, and appreciate that you took the time to let us know how you feel. We completely understand the new Snapchat has felt uncomfortable for many.
"By putting everything from your friends in one place, our goal was to make it easier to connect with the people you care about most.
"The new Friends page will adapt to you and get smarter over time, reflecting who you're most likely to be Snapping with at that moment."