The company is engaged in a strategy to diversify its revenue sources as it heads into the new year.
The social media company’s smartglasses are set to be released to the public later this year.

Snap is launching a separate business for its upcoming Specs augmented reality glasses in a bid to lure new investors to the project. The new company, aptly named “Specs,” will operate under Snap as a distinct subsidiary ahead of the long-awaited public launch of Specs glasses later this year. “Establishing Specs Inc. as a wholly-owned […]
With these new features, Snap is likely looking to appease regulators and parents over concerns about safety and screen time on its platform.
Snapchat is rolling out Snapchat Quick Cut iOS, a Lens-powered tool that turns Memories or Camera Roll clips into beat-synced videos fast. Android support is promised “soon,” but Snap hasn’t shared dates.
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