Snapchat update adds GIF stickers and some design changes

Frederick Owens
February 24, 2018

Kylie Jenner might have affected the stock market in a major way with a single tweet after she shared how dissatisfied she was with the new Snapchat update.

Ms Jenner later tweeted a follow-up: "still love you tho first love". In the aftermath of her tweet, Snaphcat seemingly witnessed a whopping $1.3 billion drop in the market. Meanwhile, Ross Gerber, President and CEO of Gerber Kawasaki Wealth and Investment Management, claimed that Kylie's tweet was just the "icing on the cake".

Snapchat's share price sank after Ms Jenner's tweet about its re-design to her 24.5 million Twitter followers. Snap has since officially responded to the petition signed by 1.2 million users in hopes that the company will roll back to the more familiar layout.

In early February, Snapchat parent company Snap Inc. posted its first-ever quarterly earnings report since going public in spring of previous year, and its earnings were much higher than Wall Street expectations, according to the Verge.

If you're a Snapchat user, chances are you've already witnessed the latest update first-hand. However, there hasn't been any indication to remove the redesign.

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On Tuesday, parent company Snap (SNAP) announced a new update meant to make it easier for users to view content they want to see.

The new tabs are supposed to make it easier for Snapchat users to keep up with Stories they create.

"By putting everything from your friends into one place, our goal is to make it easier", the blog post read.

Ever since Snapchat launched its redesign users worldwide went in on the social media platform with nothing but hate to the new look. Users have complained about this change, and said it's also more hard to find posts from friends you communicate with less frequently. "We completely understand the new Snapchat has felt uncomfortable for many", said the company. It has received more than 1.2 million signatures. After saying tough luck, the company tries to reassure users that the new Snapchat redesign will adapt to them over time, and also teased a new feature coming soon to iOS and Android.

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