Snap Inc. stock declines 7.7% after rejecting Specs spinoff amid new AR glasses launch.

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Snap Inc.'s stock experienced a 7.7% decline following CEO Evan Spiegel's decision to reject calls for spinning off the company's augmented-reality (AR) glasses division, Specs. This move comes alongside the launch of new AR glasses priced at $2,195, signaling Snap's commitment to long-term investment in AR technology despite short-term profitability concerns. ([investing.com](https://www.investing.com/news/stock-market-news/snap-ceo-spiegel-defends-specs-as-longterm-bet-pushes-back-against-activist-pressure-4745417?utm_source=openai))

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