Snap Snafu: ‘The Kardashian effect’ on company’s share price

World Today


It’s become synonymous with the selfie generation. But Snapchat could be in trouble.

In 2013, the company was flying high with Facebook even offering to buy the app for nearly $3 billion in cash. But now the firm has seen daily users plummet and its market valuation has shed more than a billion dollars.

CGTN’s Phil Lavelle reports.