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So Someone Really Thought That Was Gonna be A Hit, Huh?
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Buried in the bad news of Snap's financials is that the Snapchat parent lost $40 million on those Snapchat Spectacles. You remember them, the hideous classes with cameras in them that they sold from bogus "vending machines" dropped into public places for short periods. Nobody other than the terminally trendy wanted them, but how do you lose $40 million on that? They thought people would walk around with Elton John glasses filming everything and that other people would be OK with that? (BBC)
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