Evan Schnidman, head of Fidelity Labs, believes the hardest problem in technology today isn't intelligence, it's identity.
He joins the show to explain why.
Hosted by @afkehaya 🎙️
"Tech billionaires and executives like Evan Spiegel and Peter Thiel are publicly shielding their children from the products that made them rich," per FORTUNE
Snap fell after the company reported third-quarter ad revenue and user growth that missed estimates, with CEO Evan Spiegel acknowledging that “advertising revenue growth remains below our ambitions”
Specs' $2,195 augmented reality glasses are officially here. 👓
Designed as a wearable computer, Snapchat CEO Evan Spiegel says they're "one of the richest and most immersive visual experiences today."
Snapchat's stock was up nearly 4% at open on Thursday, the day of the product release, and closed at -0.88%.
Explore more premium news and analysis on Snapchat in AlphaSpace:
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it's too late. you need to give up
Snap’s stock fell by 9% after the company unveiled its extremely expensive reality glasses, called Specs, which are priced at $2,195, and customers who want to reserve first pay a $200 deposit.
Despite the market reaction, CEO Evan Spiegel defended the launch.
“While investors may want more short-term profitability, our job at Snap is to drive long-term profitability and the long-term success of the company.”