Snap Glasses Stake Sale

Investor Urges Snap to Sell Stake in Augmented Reality Eyewear Unit

Hedge fund Blue Duck Capital Partners has urged Snap Inc. to raise capital by selling a stake in its Specs unit. This move puts additional pressure on the social media app to deliver on its investment in augmented reality glasses. The fund argues that Snap is undervalued and that selling a share in Specs would significantly increase shareholder value.