Kylie Jenner 'sooo over' Snapchat - wiping 拢1 billion off its value

Image source, Getty Images

Kylie Jenner has wiped 拢1 billion off the value of Snapchat's owner, Snap, after she tweeted that she no longer used the messaging app.

The reality TV star posted on Wednesday: "sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad."

Snap's value sank after Jenner's tweet about Snapchat's re-design to her 24.5 million Twitter followers.

Kylie later tweeted a follow-up: "still love you tho snap... my first love".

Image source, Getty Images

Image caption, One million people signed a petition demanding Snap to change the app's design back to what it was

Snapchat is facing tough competition from Instagram, especially for celebrity users.

Kylie's attack comes at a time when business investors are already worried about its future.

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