Economic TimesLean R·
Snap CEO Evan Spiegel defends Specs as long-term bet, pushes back against activist pressure
Snap CEO Evan Spiegel is pushing back on investor calls to cut its augmented-reality glasses unit. The company launched its new AR glasses, called Specs, at $2,195. Spiegel stated Snap is committed to its long-term vision and independence. He indicated more details on partnerships will be shared later this year. The unit was made a standalone subsidiary in January.
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