Keep pulling the thread on Evan Spiegel.
Snap's stock value decreased by 10% immediately following the launch of its new augmented reality glasses.
Snap's stock is down 40% over the past year.
Snap has spent billions of dollars developing its augmented reality products.
Snap CEO Evan Spiegel and his co-founder control 99% of the company's voting power.
The Federal Reserve held interest rates steady in its first decision under new Chair Kevin Walsh.
The inflation rate reached 4.2% in May, its highest level in three years.
Mark Zandi predicts that the Federal Reserve will not raise interest rates this year.
Vasant Dhar is preparing to release the "Damodaran bot," an AI designed to simulate Aswath Damodaran's investment thinking, for commercial use next month.
Snap's stock has fallen more than 90% over the past five years.
Snap spent an estimated $3.5 billion to create its Snap Specs product.
The $3.5 billion development cost for Snap Specs is equivalent to more than half of Snap's annual revenue.
Snap CEO Evan Spiegel referred to the launch of the company's new augmented reality glasses as his "crucible moment."