Snap has lost almost $40 million on Spectacles
- 7 years ago
Last year Snapchat's parent company, Snap, has the hottest gadget on the market: Spectacles. This year, Snap has lost almost $40 million on Spectacles alone. According to the company's third quarter earnings report and details provided from 'The Information,' there are hundreds of thousands of Spectacles sitting in warehouses after sales for the product dipped significantly.