Claim: Rihanna's Instagram message to followers to throw away the Snapchat app caused the company's share value to fall by hundreds of millions of dollars in one day.
Verdict: SUPPORTS

Retrieved passages:
title: Snapchat
text: in market value. Over 1.2 million people signed a Change.org petition asking the company to remove the new app update. In March 2018, a poll about Rihanna was posted stating, "Would you rather punch Chris Brown or slap Rihanna?" Rihanna tweeted that Snapchat was "insensitive to domestic violence victims" and urged fans to delete Snapchat. Snapchat Snapchat is a multimedia messaging app used globally, created by Evan Spiegel, Bobby Murphy, and Reggie Brown, former students at Stanford University, and developed by Snap Inc., originally Snapchat Inc. One of the principal features of Snapchat is that pictures and messages are usually

title: Rihanna
text: due to endorsements such as vita coco. In 2015 Rihanna earned $26 million, which resulted in her net worth rising to $160 million by 2016. In July 2016, Forbes magazine placed Rihanna at number 13 on their list of highest paid celebrities, earning $75 million between 2015 and 2016. Rihanna currently lives in Manhattan, New York City and owns a penthouse there that is worth $14 million. In March 2018, Rihanna posted a statement on Twitter shaming Snapchat for mocking her domestic violence situation. The ad put out by Snapchat asked if users would rather "slap Rihanna or punch Chris

title: Snap Inc.
text: the lawsuit as an example of opportunists who seek out rapidly successful companies in an attempt "to also profit from the hard work of others". On September 9, 2014, the company announced that they had settled the lawsuit for an initially undisclosed amount. The settlement amount was revealed on February 2, 2017, in Snap's SEC public filling to be $157.5 million. As part of the settlement, they credited Brown with the conceptual idea for Snapchat. The press release published by Snapchat's communication department quoted Spiegel:"We are pleased that we have been able to resolve this matter in a manner that

title: Snapchat
text: against Spiegel and Murphy by falsely claiming to be a product inventor. On behalf of their clients, the law firm concluded that Reggie Brown had made no contributions of value or worth, and was therefore entitled to a share of nothing. In September 2014, Brown settled with Spiegel and Murphy for $157.5 million and was credited as one of the original authors of Snapchat. In their first blog post, dated May 9, 2012, CEO Evan Spiegel described the company's mission: "Snapchat isn’t about capturing the traditional Kodak moment. It’s about communicating with the full range of human emotion — not

title: Snap Inc.
text: die. The company was founded on September 16, 2011, by Evan Spiegel and Bobby Murphy, simultaneously on the initial relaunch of Picaboo as Snapchat. On December 31, 2013, the application was hacked and 4.6 million usernames and phone numbers were leaked to the Internet. Also in December 2013, Emily White, who had formerly been a high-profile executive with Facebook, Instagram, and Google, was hired as COO. Her tenure with the company ended in March 2015. By January 2014, the company had refused offers of acquisition, including overtures from Mark Zuckerberg to buy Snapchat and its assets, with Spiegel commenting that

title: Snap Inc.
text: is satisfactory to Mr. Brown and the Company. We acknowledge Reggie's contribution to the creation of Snapchat and appreciate his work in getting the application off the ground." The Federal Trade Commission alleged that the company had exaggerated to the public the degree to which mobile app images and photos could actually be made to disappear. Following a settlement in 2014, Snapchat was not fined, but the app service agreed to have its claims and policies monitored by an independent party for a period of 20 years. The redesign of the Snapchat app in early 2018 made changes that a

title: Snap Inc.
text: number of users, including Kylie Jenner, were not happy with. Around 1.2 million people petitioned Snap, Inc. to roll back the redesign. Snap, Inc's reply makes no concessions, other than noting "We completely understand the new Snapchat has felt uncomfortable for many." Due to the redesign and other market factors in 2018, such as the growth of Instagram Stories and WhatsApp Status, Daily Active Users (DAU) of the app only rose 2% from Q4 2017. Snap, Inc. stock fell more than 15% in after hours trading following the earnings report release. Growth of daily active users slowed in Q1 2018,

title: Influencer marketing
text: million dollars to post an image of herself on Instagram wearing clothing from a brand she did not name. Kardashian explained that she had turned down the deal because this brand tends to steal ideas from her husband’s clothing line, Yeezy. She also claimed the company was notorious for making money from her and her sisters' red carpet and everyday looks. Brand deals are likely to break, and sponsors are just as likely to pull out of backings, if an influencer is under scrutiny. Making money is the primary goal, and if a brand risks being tarnished at the hands

title: Snapchat
text: media, and places significant emphasis on users interacting with virtual stickers and augmented reality objects. As of February 2018, Snapchat has 187 million daily active users. According to documents and deposition statements, Reggie Brown brought the idea for a disappearing pictures application to Evan Spiegel because Spiegel had prior business experience. Brown and Spiegel then pulled in Bobby Murphy, who had experience coding. The three worked closely together for several months and launched Snapchat as "Picaboo" on the iOS operating system on July 8, 2011. Reggie Brown was ousted from the company months after it was launched. The app was

title: Rihanna
text: Ate My Homework", which represents photographers Erik Asla and Deborah Anderson. In 2017, Rihanna launched cosmetic company Fenty Beauty under LVMH's Kendo Brands. The partnership was worth $10 million and would see Rihanna release various beauty products. The first installment of Fenty Beauty was released on 8 September 2017 in stores and online, available in over 150 countries. It included an array of products including foundations, highlighters, bronzers, blush compacts, lip glosses, and blotting sheets and was praised for its diverse range for all skin colours. "Time" magazine named Fenty Beauty as one "The 25 Best Inventions of 2017", citing

title: Bobby Murphy (businessman)
text: is famous for creating a disappearing-image messaging app called Picaboo, which later became Snapchat, in September 2011. After graduating from Stanford, Murphy spent a year working as a software engineer at Revel Systems (an iPad point of sale system for restaurants). Until Snapchat could secure venture capital funding, he used half of his paycheck to cover the cost of Snapchat's server bills. Since co-founding Snapchat in 2011, Murphy has led Snap's engineering, product, and research teams including the recently launched Spectacles, which are wearable smart glasses that can capture video and photos and send them to the user's Snapchat account.

title: Snapchat
text: that they do not plan on running ads on Snap Map stories. In November 2017, Snapchat announced a redesign, which proved controversial with many of its followers. CNBC's Ingrid Angulo listed some of the reasons why many disliked the update, citing that sending a snap and re-watching stories was more complicated, stories and incoming snaps were now listed on the same page, and that the Discover page now included featured and sponsored content. In February 2018, Kylie Jenner sent a tweet criticizing the redesign of the Snapchat app. The tweet reportedly caused Snap Inc to lose more than $1.3 billion

title: Snap Inc.
text: had offered $4 billion, but Spiegel again declined. On December 11, 2013, Snapchat confirmed $50 million in Series C funding from Coatue Management. Four more funding rounds, from December 2014 to March 2016, amounted to approximately $1.2 billion and totaled funding at $1.36 billion. Beyond 2014, the company had achieved a valuation of $10–$20 billion, depending on the source. According to reports in May 2016, the company's estimated worth was said to be approaching $22 billion in the event of a new round of investment. Further reports in 2016 suggested that funding was almost at $3 billion and that Snapchat

title: Snapchat
text: in 2015 that Snapchat is "only for rich people" and that he does not "want to expand into poor countries like India and Spain". The incident sparked a Twitter trend called "#UninstallSnapchat", in which Indian users uninstalled the app, and caused backlash against the company in terms of low "one-star" ratings for the app in the Google Play store and Apple's App Store. Snapchat's shares fell by 1.5%. In response to the allegation, Snapchat called Pompliano's claim "ridiculous", and elaborated that "Obviously Snapchat is for everyone. It’s available worldwide to download for free". The June 2017 release of "Snap Map",

title: We Found Love (music video)
text: thrust into the limelight, girls tend to think that is the way for them to be valuable. God tells us that we are fearfully and wonderfully made ... bearing His image. Rihanna is selling a lie. John Colonnello, a youth pastor from Athens, Alabama, criticized Rihanna's failure as a role model for young girls and women who look up to her. Colonello said that Rihanna is promoting the importance of one's physical appearance, and unhealthy sex: "the message should be that it's about who you are on the inside and your character. That you should be honest, trustworthy, faithful, kind,

title: Rihanna
text: Brown" in a "Would You Rather" format. Snapchat issued an apology statement. Rihanna Robyn Rihanna Fenty (; born 20 February 1988) is a Barbadian singer, businesswoman, diplomat, actress, dancer, and songwriter. Born in Saint Michael, Barbados, and raised in Bridgetown, she was discovered by American record producer Evan Rogers in her home country of Barbados in 2003. Throughout 2004, she recorded demo tapes under the direction of Rogers and signed a recording contract with Def Jam Recordings after auditioning for its then-president, hip hop producer and rapper Jay-Z. In 2005, Rihanna rose to fame with the release of her debut

title: Snapchat
text: part of the original Snapchat application and was activated when the user provided a date of birth to verify his/her age. Snapkidz allowed children to take snaps and draw on them, but they could not send snaps to other users and could only save snaps locally on the device being used. According to Snapchat's published statistics, as of May 2015, the app's users were sending 2 billion videos per day, reaching 6 billion by November. By 2016, Snapchat had hit 10 billion daily video views. In May 2016, Snapchat raised $1.81 billion in equity offering, suggesting strong investor interest in

title: Snap Inc.
text: went public under the trading symbol SNAP, and raised almost $30 billion in market capitalization on the first day of trading. In late-May 2017, the company acquired the location sharing app Zenly in a cash and stock deal. The Zenly app will remain functional, but its concepts were incorporated into a Snapchat feature added in June 2017. In August 2017, Business Insider reported that Google discussed an offer to buy the company for $30 billion in early 2016. In October 2017, the company announced that it had formed a joint venture with NBCUniversal to produce content for Snap's platforms, and

title: Bobby Murphy (businessman)
text: Murphy once told Forbes "We weren't cool. So we tried to build things to be cool," referring to his college days. He remains the author of much of the Snapchat app code to this day. "The Wall Street Journal" has reported that after the predicted March 2017 IPO for Snap Inc., Murphy and Evan Spiegel would hold over "70% of the voting power" in the company, and own around 45% of the total stock. In February 2017, Murphy and Evan Spiegel have pledged to donate up to 13,000,000 shares of Class A common stock, over the course of 15–20 years

title: Evan Spiegel
text: a product design class project, an idea which his classmates ridiculed. Later that year, Spiegel worked with fellow Stanford classmates Bobby Murphy and Reggie Brown to launch a prototype of this concept called "Picaboo", which they later renamed as Snapchat. The app's popularity grew significantly and in 2012, Evan left Stanford to focus on Snapchat shortly before completing his degree. By the end of 2012, Spiegel's Snapchat app had reached 1 million daily active users. In February 2017, Spiegel and Murphy pledged to donate upwards of 13,000,000 shares of Class A common stock over the next 15–20 years to an