Snapchat CEO's net worth drops $150 mn after Rihanna's post

Snapchat's CEO Evan Spiegel's net worth has dropped nearly $150 million in two days after singer Rihanna slammed the platform for running an advertisement mocking domestic violence victims. The post also wiped out $1 billion from Snapchat's parent firm Snap's market value while shares fell 4.7%. The advertisement mocked a physical assault instance between Rihanna and her ex-boyfriend Chris Brown.