BUZZ-Snap launches augmented-reality glasses; shares fall
Snap
Snap SNAP | 0.00 |
Updates
** Snap SNAP.N shares change direction, last down 3.6% to $5.51
** Co launches its first augmented-reality glasses for consumers, priced at $2,195
** Shipments expected this fall in the U.S., UK and France, with wider availability tied to pre-order demand
** Launch of device comes at a time when Snap is under activist investor pressure to spin off or shut down its cash-burning Specs unit
** Including session's move, stock down about 32% YTD
