Snap no longer sells drones. In April, the company unveiled a small portable drone called pixyideally, it should have provided users with a fun new way to take selfies — and more.
In these days, Snap CEO Evan Spiegel announced that the company plans to focus on other projects and in other words, more idiosyncratic products like Pixy drones will be shelved. “We need to review our priorities,” the CEO added. translated: snap it’s a social network and it’s good that it focuses on the things it usually does… a social network. Drones are excluded from the list.
Snap, like many other tech companies, is in serious trouble. In July, following the release of last quarter’s financial results, Snap’s shares lost more than 40% of their value. Snap has lost more than 70% of its market value since the beginning of the year. In short, a debacle.
Spiegel confirmed that the pixy it will not be removed from sale. The drone will be produced in limited quantities and will cost $230. It will remain available while supplies last, after which it will likely be discontinued. Not right away anyway.
Source: Lega Nerd
