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Snap Shares Fall After $2,195 Specs Launch Raises Pricing Concerns
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Snap Shares Fall After $2,195 Specs Launch Raises Pricing Concerns
Snap shares fell after the company introduced its consumer augmented reality glasses, Specs, at a price of $2,195. The stock dropped more than 5% following the announcement and remained below its pre-launch level as investors assessed the product’s potential market. Snap shares traded at $5.86 on Tuesday before falling as low as $4.83 on Wednesday morning. The company’s stock had already declined about 30% over the previous year. Specs Target Hi…
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