Snap will try and sell unsold Spectacles in the UK after reporting $40 million loss

Snapchat parent company Snap Inc. is bringing its camera-equipped Spectacles to the UK for the first time in partnership with pop-up mall Boxpark, located in the Shoreditch district of East London. The news, announced on Boxpark’s website today, comes on the heels of Snap’s less-than-stellar earnings report on Tuesday, in which the company said it lost $40 million on unsold units due to “excess inventory reserves and inventory purchase commitment cancellation charges.”
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