Snap CEO sidesteps Specs preorder questions on Q2 earnings call

Snap CEO sidesteps Specs preorder questions on Q2 earnings call

Snap CEO Evan Spiegel sidestepped investors’ questions about preorder demand for the company’s long-awaited Specs smart glasses during Monday’s earnings call, just weeks before the device’s September launch event. “What we’re hearing from folks is really that they want to try Specs,” Spiegel told investors. “It’s obviously a high consideration purchase at $2,195. Obviously, developers…

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Patreon lays off 20% of its workforce

Patreon lays off 20% of its workforce

Patreon is laying off 20% of its workforce, or 93 people, CEO Jack Conte told employees on Thursday. In a memo to staff that was shared online by the company, Conte said Patreon’s core business is strong but that the platform has to respond to market changes and adjust its cost structure to remain stable,…

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