Snapchat redesigns its app again. Stock plunges [CNN]
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Source: CNN
Snapchat redesigns its app again. Stock plunges Snapchat can't catch a break. Shares of the social media company plunged Wednesday after it changed its app again — only months after a previous redesign that ticked off users. Snap ( SNAP ) stock was down 7% in midday trading, putting it more than 15% below the price when it went public last year. Last year, Snapchat changed the app to differentiate between a user's personal friends and media superstars that a user follows. Many fans revolted. So did Wall Street. The latest changes appear to backtrack. On the same Discover page, some users now see a test that shows Stories from their friends as well as posts from celebrities and other "influencers" that they subscribe to. "We are always listening to our community and will continue to test updates that we hope will give Snapchatters the best possible experience on our platform," a Snapchat spokesperson told CNNMoney in response to a question about the changes. Celebrities aren't plea
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