Snapchat Loses $800M After Rihanna DV Post

Rihanna has sent Snapchat stocks plummeting after telling fans to not use Snap and get rid of the app after they posted an insensitive ad (see below) about her and ex Chris Brown.

According to a FOX News financial analyst, in the last 24 hours there has been an $800 million drop in the valuation of the company and they believe the Rihanna Navy is to blame. 

Snap says that they have now blocked the ad and it will no longer appear on people's feeds.

Some speculate that an algorithm may have sold the ad and this is why Snap did not catch it.

Photo: Getty

 

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