Rihanna's one post wipes out $1 bn from Snap's market value

Singer Rihanna's single Instagram story against Snapchat for an offensive advertisement featuring her and her ex-boyfriend Chris Brown has wiped out $1 billion from Snapchat's parent firm Snap's market value. This came after Snap's stocks dipped over 4% as Rihanna urged people to delete the app. The advertisement mocked a physical assault instance between Rihanna and Chris.