Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
The 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread more
While the prolonged fight has been devastating to an already-struggling agriculture industry, there's little indication Trump is paying a political price.Traderead more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
's hardware play, Spectacles, had people to pick them up.
Unfortunately, the buzz hasn't done much for Snap's bottom line. Executives told analysts on a conference call that the augmented reality and camera glasses made a little more than $8 million during the quarter — that's out of .
At just under $130 a pair, that means the company sold about 61,500 units of the Spectacles, which saw limited release for the first few months via pop-up stores and vending machines.
CEO Evan Spiegel said that "over 5 million Snaps" have been created with Spectacles to date. In total, Snap saw more than 3 billion Snaps taken each day in the first quarter, according to its earnings presentation.
"I think in terms of our hardware strategy, our approach when we're exploring new technology is to usually work on it ourselves," Spiegel told analysts in an earnings conference call. "That's our way to explore something really, really quickly and learn from it. So that's been our strategy today with Spectacles. I think it's been really exciting to see people capture memories from their perspective. There's obviously something exciting about that."
Still, Spiegel said the company will "keep experimenting there."
"It's a modest program for us right now," chief financial officer Drew Vollero said.
Watch: Pro says spectacles a genius marketing gimmick