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  • Safi Bello

Snap will try and sell unsold Spectacles in the UK after reporting $40 million loss

The Verge ---------- Snapchat parent company Snap Inc. is bringing its camera-equipped Spectacles to the UK for the first time in partnership with pop-up mall Boxpark, located in the Shoreditch district of East London. The news, announced on Boxpark’s website today, comes on the heels of Snap’s less-than-stellar earnings report on Tuesday, in which the company said it lost $40 million on unsold units due to “excess inventory reserves and inventory purchase commitment cancellation charges.” To learn more click on the picture below to read the article.

Snap will try and sell unsold Spectacles in the UK after reporting $40 million loss - Read More from The Verge

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