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Snap’s AR Glasses and Stock Surge | San Jose News
Snap’s latest earnings blew past expectations, raking in $1.6 billion—up 9% in advertising revenue—and sent its stock soaring 13% after a shaky start to the year. The company is betting big on its upcoming AR glasses, calling it their “largest long-term opportunity,” even as investors question whether it can compete with giants like Meta. Despite cost-cutting—including 16% layoffs—Snap’s user base hit nearly 493 million daily active users, but regulatory headwinds, including teen social media bans and lawsuits, loom large as they push forward. Listen in comfort:Get a discount on a Soli…
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