As the smart glasses market heats up, Snap Inc. (the company behind Snapchat) is doing some corporate restructuring in preparation for the launch of its Spectacles smart glasses later this year. The company is spinning off Specs Inc. as a wholly-owned subsidiary. It says that this move will provide “greater operational focus and alignment” with the new market segment. Snap plans to remain the majority shareholder but says there is a potential for outside investments and partnerships. This will also offer a clearer valuation of the smart glasses business since it won’t be entangled with the...
Source: https://www.gsmarena.com/snap_spins_off_specs_inc_spectacles_smart_glasses_will_launch_later_this_year-news-71294.php
