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Snap's stock dropped over 5% after unveiling its expensive AR glasses, Specs, priced at nearly $2,200, raising concerns about affordability for its core teenage user base. CEO Evan Spiegel justified the cost by comparing them to high-end computers.
Evan Spiegel demonstrates the new Specs AR glasses to the public at AWE.
Snap unveils its $2,195 AI-powered Specs, with CEO Evan Spiegel declaring them the computer of the future.
Snap introduced SPECS augmented reality glasses at Augmented World Expo 2026, featuring a lightweight standalone design with liquid crystal on silicon display technology and electrochromic lenses for everyday use.
Rivian unveils the R2, a more affordable midsize electric SUV starting at $45,000, with multiple trims and up to 330 miles of range, aiming for volume sales to secure the company's future.