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0 -0.00401313389273986 -0.0195184239328712 -0.022254651587012 -0.0357533746807735 -0.0479751915359357 -0.0536300620211601 -0.0532652316672746
Stock impact report

Snap seeks investments as new smart glasses unit takes on Meta [Yahoo! Finance]

Warby Parker Inc. (WRBY) 
Company Research Source: Yahoo! Finance
?attract external investment and challenge bigger rival Meta in the fast-growing ?wearables market. The launch of the Specs unit, announced on Wednesday, comes as the success of Ray-Ban Meta ?smart glasses positions eyewear as an early frontrunner in the race for gadgets powered by artificial intelligence But wearables is a costly bet, requiring massive capital injection for hardware, software and research and design capabilities, where even slight supply chain disruptions ?can impact production goals. Earlier this month, ?a supply squeeze forced Meta to pause the international expansion of its Ray-Ban Display glasses and focus on fulfilling ?U.S. orders. While Meta develops its smart glasses with EssilorLuxottica's Ray-Ban, Big Tech rival Google has partnered with Warby Parker. Known for its Snapchat messaging app and animated filters, Snap ?has been doubling down on AR, which can overlay digital effects onto ?photos, videos and users' views of their surroundings in real-ti Show less Read more
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