Snap stock dives after AR glasses reveal

Snapchat's parent company, Snap Inc., experienced a significant drop in its stock price following the unveiling of its latest augmented reality glasses. The high cost of the new Spectacles, which are aimed at developers and enterprise users, appears to have concerned investors. This reaction suggests a disconnect between Snap's product strategy and market expectations, potentially impacting future revenue forecasts and the company's overall valuation. The company is betting heavily on AR technology, but the market's immediate response indicates skepticism about the commercial viability and affordability of its new hardware.