Hedge fund Blue Duck Capital Partners wants Snap Inc. to raise capital by selling a stake in its nascent Specs unit. This move puts additional investor pressure on the social media app to deliver on its big investment in augmented reality glasses.

Snap is partnering with Nvidia, Amazon Web Services and Salesforce as part of an enterprise sales push centered on its $2,000 Specs AR glasses.

Snap has unveiled more details about its advanced Specs AR glasses, which are priced at $2,195. The glasses feature an integrated display and a convenient self-contained design.

Snap Inc. has introduced new event-planning features within Snapchat, allowing users to organize gatherings, send invitations, and collect responses seamlessly. This suite of features, named Plans, aims to facilitate real-life meet-ups based on discussions in group chats, covering events from birthday celebrations to study sessions.

Snap beat analysts' estimates across the board in its second-quarter earnings report.

Snap Inc. said it has reached a tentative agreement to settle the second case set for trial over claims that the world’s largest social media platforms are addictive to minors. This leaves only Meta Platforms Inc. to face a jury starting next week in Los Angeles.