Snap
Snap Inc. is a camera-first social technology company best known for Snapchat, a visual messaging and social media platform with over 930 million monthly active users that monetizes primarily through digital advertising. The company is also developing augmented reality hardware (Spectacles) backed by a proprietary OS and developer ecosystem, positioning itself as a future AR computing platform.
“Snap | Social media/hardware company | CEO Evan Spiegel betting heavily on $2,195 smart glasses despite the fact that "Snap has never posted an annual profit, its shares are down more than 30% this year, and roughly 500 employees are working on Specs"”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.