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The 100 members of the team have been laid off, according to the report, citing a person with direct knowledge of the matter. The company wants to prioritize shorter-term projects over those needing longer to generate meaningful revenue, the person said. Source
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Snapchat’s Spectacles AR glasses launched in 2016, three years after the company rolled out Lenses, its custom AR filters. Last year, the company acquired WaveOptics, the supplier of the AR displays used in Snap’s Spectacles, for more than $500 million, the company’s largest acquisition of 2021. Source
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