Tue, 21-Oct-2025

Snap stopped Pixy flying drone development

snap pixy drone

Snap Inc. has halted the development of the Pixy drone. The company lost $40 million on Spectacles in 2016. Snap Inc. will sell Pixy drones on its website for $229.99. Snap Inc. has halted Pixy drone development. The Pixy debuted four months ago. The company hasn’t had a stellar hardware track record, which may surprise … Read more

Snap earnings may be ‘canary in the coal mine’ for digital advertising, as they indicate macro pressures

Snap

Snap Inc.’s recent earnings report contributed to concerns about the social-media industry’s long-term viability, albeit its stock was trading higher in Friday morning trading. Snap shares are known for swinging by double digits after earnings, but after a mixed report, they were on track for a comparably quiet finish Friday. In morning trade, the stock … Read more