SnapChat loses nearly $1 billion after Rihanna calls them out and tells them to keep their app-oligy

[stewie_e]

“You let us down! Shame on you. Throw the whole app-oligy away.” https://t.co/Z21XlBD4Wh
- VANITY FAIR (@VanityFair) March 17, 2018

• Earlier this week, SnapChat removed an offensive ad which asked users whether they'd “rather slap Rihanna or punch Chris Brown?”

• Rihanna then took to Instagram’s Stories feature which rivals SnapChat to call them

Comments

[goldie3]

That's what happens, when your product has actual zero value add.

Snapchat deserves it for all the racist misogynist shit it has pulled over the years.

But also, stock markets have gone crazy, even in my country as well. Fundamentals don't even support the valuations

[zazie_toujours]

i'm reading up on the stock market because i want to start investing next year, and all the examples this one guy i'm reading brings up are either boring companies that do important and necessary jobs or new products like the ipod which strike gold and sell vast quantities. investing in shit like snapchat (and presumably selling again asap) seems like cowboy antics to me.

[soheefan]

Hey ive also just recently been reading up on stocks and investing. It's pretty interesting right? Well good luck on your journey. Once you get in, it's hard to get out they say

[zazie_toujours]

yeah it's fascinating! with how the world is looking i'll probably have to work until i'm 75 unless i get smart about my money, so i figured it was time to get pro-active. good luck to you too!

[manu19]

Stock market is weird. Investores throw money at all those companies as long as they see growth every year

[thebloomroom]

I dont think they are even in the green, are they? Its just equity

[zazie_toujours]

kill facebook next queen

[lastinthebox]

But then how will I see my self-hating relatives posts about Tr*mp’s “victories”?!?! 🤢

[lastinthebox]

Yes, like casting the ring into the fires of Mt Doom.

[tequila]

I don't use Snapchat. My understanding is the ad was for another app, yes? Is the app who created the ad dealing with the consequences too or are they getting away with it?

[itscaelsday]

No one is coming for that app, only Snapchat

[tequila]

That seems so fucked up to me

[pepsi_twist9]

I don't think anyone even remembers what the app is but Snapchat was still the company that approved it so I understand why the focus is on them rather than the third party.

[vodkaveritas]

Yup get them where it hurts...stock price!

I still can't believe some twat thought that app was a good idea...honest to god!