Pirat_Nation 🔴(@Pirat_Nation):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.”

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Pirat_Nation 🔴@Pirat_Nation

2026.06.18 18:02

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.”