Snapchat parent’s stock plummets after Kylie Jenner tweet

Kylie Jenner. (Reuters)
Updated 23 February 2018
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Snapchat parent’s stock plummets after Kylie Jenner tweet

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.”


Latest ‘Men in Black’ leads box office but fails to wow critics

Updated 17 June 2019
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Latest ‘Men in Black’ leads box office but fails to wow critics

  • Its box-office take for the three-day weekend fell short of ‘even the slimmest of studio expectations’

LOS ANGELES: “Men in Black: International” led North American box offices over the weekend, but the new sci-fi comedy was not as far into the black as Sony would have liked, taking in an estimated $28.5 million, industry watcher Exhibitor Relations reported.
In this spinoff to the three earlier “Men in Black” installments, the roles of black-suited alien-fighters pass from their originators, Will Smith and Tommy Lee Jones, to the younger Chris Hemsworth and Tessa Thompson. Liam Neeson and Emma Thompson also star.
Critics liked the chemistry of the two leads but gave the movie a lukewarm rating of only 24 percent on Rotten Tomatoes. Its box-office take for the three-day weekend fell short of “even the slimmest of studio expectations,” website BoxOfficeMojo reported.
But as suggested by its title, the film, shot in five countries, is doing better overseas, with earnings of $73 million to date.
In second spot was last weekend’s leader, “The Secret Life of Pets 2” from Universal, at $23.8 million. This sequel features the voices of Kevin Hart, Tiffany Haddish and Patton Oswalt in another tale of the mischief pets get into when their owners are away.
In third, for the second week, was Disney’s live-action “Aladdin,” at $16.7 million. It stars Will Smith as the genie and Mena Massoud as the wily title character craving the attention of the enticing Jasmine (Naomi Scott).
Slipping two spots to fourth place was “X-Men: Dark Phoenix,” at $9 million. In what is said to be the final installment in the X-men series, the lead characters face the fierce superhuman Phoenix after a space mission goes awry. The film stars James McAvoy, Sophie Turner, Jennifer Lawrence, Michael Fassbender and Jessica Chastain.
And in fifth, for the second week, was Paramount’s “Rocketman,” at $8.8 million. Taron Egerton stars in the biopic dramatizing the life of superstar singer Elton John.
Rounding out the weekend’s top 10 were:
“Shaft” ($8.3 million)
“Godzilla: King of the Monsters” ($8.1 million)
“John Wick: Chapter 3 — Parabellum” ($6.1 million)
“Late Night” ($5.1 million)
“Ma” ($3.6 million)