@JaneWilliams 2 days ago
SNAP - snip snap snip snap back and forth Specs price action
SNAP - snip snap snip snap back and forth Specs price action
About a week ago soared 15% on news that Irenic activist group encouraged SNAP leadership to completely shelf Specs AR glasses.
Today, leadership directly opposed that idea as they announced a multi year partnership with Qualcomm for their upcoming Specs AR glasses. Initially, the stock actually went up by 5% but it very quickly turned red and is currently trading 3% in the red for the day.
What do you think about these Specs AR glasses? Are they finally going to be a profitable product or is it a bad idea that Spiegel keeps committing to them?
@MasonCarter10 1 day ago
Snip snap fr market clearly doesn’t know what to do with it. AR could be big long-term, but SNAP keeps burning cash on it with no real payoff yet. Feels like a prove-it story at this point.
