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Snap stock slumps after Kylie Jenner tweet

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Snap stock slumps after Kylie Jenner tweet

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Social media company Snap has seen its stock slump by around one billion euros after reality TV star Kylie Jenner tweeted that she no longer used Snapchat.

The move by Jenner, who has 24.5 million Twitter followers, has piled further pressure on the messaging app, which faces stiff competition from Facebook’s Instagram.