Jun. 24 at 11:54 AM
$SNAP
I think the tech is awesome and really promising. Problem is that it needs to be seemless for people to adopt it. It’s just not there yet. Unless they spin off spectacles to a separate entity with outside investment to fund it, the stock of the parent will remain depressed as the primary business has basically become a means to fund R&D in Specs.
Evan is an awful businessman. And awful salesman. Murphy is a medicore engineer acting as a chief technology officer.
This is why the visionary founder/CEO mode is out of favor on Wall Street.