Snap lost a 400 million dollar AI deal, 20 million dollars a month to the Iran war, and 24 per cent of its stock price. The AR glasses had better work.
Snap's Q1 revenue grew 12% but stock fell 4%. Iran war cost $20-25M in March ad revenue. Perplexity AI deal ended. 1,000 jobs cut. Specs AR glasses launch is the last bet.
6 May 21:59 · TNW