Chrissy Teigen's Snapchat Exit Sends Stock Down Again

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On Saturday, the 32-year-old model took to Twitter to reveal that she is no longer using the social media app following the bad update and controversial Rihanna and Chris Brown poll!

Chrissy - who is an avid Twitter user - wrote on the micro-blogging site: "I stopped using snap".

In the meantime, we wanna know...

Chrissy Teigen has bailed on Snapchat, and the app's stock took a nosedive after she talked about her decision.

Besides Teigen and other popular users leaving the site, shares could also have slipped because of an investigation into Facebook privacy standards, which is making social media investors fear more government regulation of social media sites. Given the former couple's tumultuous history - Chris Brown physically assaulted Rihanna in 2009 - users were outraged over what Chris Brown's lawyer called a "tone deaf" ad.

Teigen cited Snapchat's much-despised app redesign as well as an ad that appeared to make light of domestic violence as her reasons for departing. "But I'm just trying to figure out what the point was with this mess", the singer wrote. "I'd love to call it ignorance, but I know you ain't that dumb!" "You spent money to animate something that would intentionally bring shame to DV victims and made a joke of it. Shame on you".

Snap issued an apology, but was still criticised for failing to properly filter the ad's content. Shares of Snap lost more than seven per cent over two days following the controversy. She ended her rant by saying, "Throw the whole app-ology away".

"The advert was reviewed and approved in error, as it violates our advertising guidelines", the statement read. "We are sorry that this happened".

In February, reality television star Kylie Jenner caused Snap's stock to drop $1.3 billion after she publicly declared her dissatisfaction with the platform's latest update changes. Or is it just me. ugh this is so sad.

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