Snap Falls as Meta Launches $299 Glasses, Challenging $2,195 Snap Specs
Snap Inc. dropped roughly 3.8% to $4.46 Tuesday afternoon, with investors looking at the Snapchat parent’s expensive AR efforts while Meta Platforms stepped up competition and tech stocks struggled. Shares moved between $4.43 and $4.65. Snap’s market cap hovered close to $7.5 billion.