Snap CEO Evan Spiegel defends Specs as long-term bet, pushes back against activist pressure (opens original article in a new tab)

Snap CEO Evan Spiegel defends Specs AR glasses unit against activist pressure, stating it's part of the company's long-term vision and strategy.

• Snap CEO Evan Spiegel defends Specs AR glasses unit against activist investor pressure
• Specs were launched at $2,195 as part of Snap's long-term strategy
• Snap made Specs a standalone subsidiary in January to potentially raise outside funding