Snap falls after $2,195 Specs bet stirs Street questions
Snap stock slid in the latest quote ahead of Thursday’s open, under more pressure after investors raised doubts that a $2,195 AR glasses bet can jumpstart growth at the Snapchat owner without burning more cash. The shares were at $4.74, down roughly 8.1% from the last close. Snap is pitching Specs as a true computing platform as it heads into a long holiday weekend in the U.S., with its main ads business still trailing behind Meta and Alphabet. The timing isn’t great.