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After unveiling ridiculously expensive AR glasses, Snap’s stock takes a dive

CN
CitrixNews Staff
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After unveiling ridiculously expensive AR glasses, Snap’s stock takes a dive

Snap’s long-awaited AR glasses, Specs, didn’t have the best debut.

The company’s stock hasn’t been on the healthiest trajectory lately. It’s dropped 30 percent over the past year. Following Specs’ launch, it sank more than 5 percent — falling from $5.86 a share on Tuesday to a low of $4.83 on Wednesday morning. As of this writing, the stock still hasn’t recovered the position it held prior to the announcement.

Originally reported by TechCrunch. Read the full story at the original source.