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Global LinkUP: How Kylie Jenner wiped $1.3 billion off Snapchat’s market value

February 23, 2018 · 1 min read
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This week, bitcoin has inspired crime all over the world, and Kylie Jenner nearly killed Snapchat. Read on.

How Kylie Jenner nearly snapped Snapchat

“Sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad,”

These were the words of a tweet by Kylie Jenner reality TV star of the Keeping Up With the Kardashians fame.

According to a report, this seemingly harmless tweet sank Snap’s shares 7.2% lower wiping out nearly $1.3 billion of its market value.

No one is sure if Kylie Jenner hasn’t opened the app because of her pregnancy or Snapchat’s much hated redesign. Either way, her 24.4 million followers all nodded in agreement and it sent Snap’s stock tumbling down.

What’s “cryptocurrenting”?

On Thursday bitcoin fell below $10,000 for the fourth time this year. Price aside, this week has been crime galore for bitcoin.

Bitcoin heists are not new, but Lazarus a North Korean cyber crime group has worked out a nearly foolproof method to steal bitcoin. See the Business Insider report on this.

Still on Bitcoin crimes, Business Insider reports a trend of kidnapping bitcoin owners and asking for ransom in the cryptocurrency.

In Texas, founder of a defunct cryptocurrency has been reportedly  arrested for lying to regulators.

A Litecoin fork has produced Litecoin cash, but Litecoin says the fork is a scam and has nothing to do with it.

UPS vs Amazon

In last week’s Global Linkup, Amazon announced a move into shipping with its ‘Shipping with Amazon”. This week, United Parcel Service (UPS) announced that it will soon deliver 50 electric trucks.

Engadget reports that the minimal number of trucks were for test purposes ahead of a 2019 wider deployment.

Considering the time  between Amazon’s move, this announcement from UPS seems like saving face.

Victor Ekwealor

Victor Ekwealor

Author

tech. media. startups. africa. vc | Twitter: @victor_ekwealor

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