WASHINGTON: Snapchat’s parent company lost some $1.3 billion in market value on Thursday after US reality star Kylie Jenner’s tweeted that she was no longer using the messaging service.
“sooo does anyone else not open Snapchat anymore? Or is it just me ... ugh this is so sad,” Jenner tweeted. She later followed up with “still love you tho snap ... my first love,” but the damage may already have been done.
Snap Inc.’s shares fell by over six percent in Thursday trading, a loss of about $1.3 billion in market capitalization. Jenner has huge followings on various social media platforms. She is regarded as the "new queen of Instagram."
She gave birth to a daughter this month, and the announcement became the most popular post on Instagram, surpassing Beyonce’s pregnancy announcement of 2017.
Later, Jenner shared a photo of her new daughter’s tiny hand captioned with the baby’s name, Stormi Webster. The post had collected more than 13 million “likes.”
Born on Feb. 1, Stormi is the first child for Jenner and her boyfriend, rapper Travis Scott.
Twenty-year-old Jenner is the youngest sibling in the Kardashian-Jenner clan.
She kept largely out of public view duri ng her pregnancy.
In a social media post earlier this week, she said pregnancy was “the most beautiful, empowering and life-changing experience” and that she will “miss it.”
Snapchat parent’s stock plummets after Kylie Jenner tweet
Snapchat parent’s stock plummets after Kylie Jenner tweet
Police video shows Vince McMahon’s 100 mph car crash in Connecticut
Newly released police video shows former WWE executive Vince McMahon ram his luxury sportscar into the rear end of another vehicle on a Connecticut highway last summer as he was being followed by a state trooper.
McMahon, now 80, was driving his 2024 Bentley Continental GT at more than 100 mph on the Merritt Parkway when he crashed in the town of Westport, according to state police.
A trooper’s dashcam video shows McMahon accelerating away, then braking too late to avoid crashing into the back of a BMW. The Bentley then swerves into a guardrail and careens back across the highway, creating a cloud of dirt and car parts.
“Why were you driving all over 100 mph?” state police Detective Maxwell Robins asked McMahon after catching up to the wrecked Bentley, which can cost over $300,000.
“I got my granddaughter’s birthday” McMahon replied, explaining he was on his way to see her. The encounter was recorded on police bodycam video.
No one was seriously injured in the July 24 crash, which happened the same day that WWE legend Hulk Hogan died of a heart attack in Florida.
Besides damage to the rear of the BMW, another vehicle driving on the opposite side of the parkway was struck by flying debris. The driver of that third car happened to be wearing a WWE shirt, according to the police video.
McMahon was cited for reckless driving and following too closely. A state judge in October allowed McMahon to enter a pretrial probation program that will result in the charges being erased from his record next October if he successfully completes the program. He was also ordered to make a $1,000 charitable contribution.
McMahon’s lawyer, Mark Sherman, said the crash was just an accident.
“Not every car accident is a crime,” Sherman said. “Vince’s primary concern during this case was for the other drivers and is appreciative that the court saw this more of an accident than a crime that needed to be prosecuted.”
State police said Robins was trying to catch up to McMahon on the parkway and clock his speed before pulling him over. They said the incident was not a pursuit, which happens when police chase someone trying to flee officers. They also said it did not appear McMahon was trying to escape — though in the video the detective suggests otherwise.
“I’m trying to catch up to you and you keep taking off,” Robins says.
“No, no no. I’m not trying to outrun you,” McMahon says.
An accident information summary provided to the media shortly after the crash did not mention that a trooper was following McMahon.
The Associated Press obtained the videos Wednesday through a public records request. They were first obtained by The Sun newspaper.
The trooper’s bodycam video also shows him asking McMahon whether he was looking at his phone when the crash happened. McMahon said he was not and adds that he hadn’t driven his car in a long time.
After Robins tells McMahon that his car is fast, McMahon replies, “Yeah, too fast.”
The videos also show McMahon talking to the driver he rear-ended. Barbara Doran, of New York City, told the AP last summer that McMahon expressed his concern for her and was glad she was OK. She said she was heading to a ferry to Martha’s Vineyard at the time of the crash.
After McMahon was given the traffic summons, he shook hands with Robins and another trooper and they wished him well.
McMahon stepped down as WWE’s CEO in 2022 amid a company investigation into sexual misconduct allegations. He also resigned as executive chairman of the board of directors of TKO Group Holdings, the parent company of WWE, in 2024, a day after a former WWE employee filed a sexual abuse lawsuit against him. McMahon has denied the allegations. The lawsuit remains pending.
McMahon bought what was then the World Wrestling Federation in 1982 and transformed it from a regional wrestling company into a worldwide phenomenon. Besides running the company with his wife, Linda, who is now the US education secretary, he also performed at WWE events as himself.
