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Investor Pushes Snap to Raise Capital for Eyeware Business Specs
Source: Bloomberg
Short Interest & ActivismCompany FundamentalsTechnology & Innovation
Hedge fund Blue Duck Capital Partners is urging Snap to raise capital by selling a stake in Specs, its nascent augmented-reality glasses unit. The proposal adds investor pressure for Snap to deliver on its substantial investment in the business; the article provides no valuation or financial figures.
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