'Sad' That No One Will Tell Snap CEO The Truth, Says Analyst On Company's 'Horrendous' Product Design For

Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure

Snap launched Specs AR glasses at $2,195, rejecting activist Irenic's call to shut the $3.5B+ unit. The move signals Snap's long-term AR bet in the AI era, choosing tech leadership and independence over activist pressure to prioritize near-term profitability.