Snap lost a 400 million dollar AI deal, 20 million dollars a month to the Iran war, and 24 per cent of its stock price. The AR glasses had better work.

Snap experienced a significant financial setback after losing a $400 million AI contract, faced $20 million monthly costs related to the Iran war, and saw its stock price drop by 24%. The company is now relying on its augmented reality glasses to recover.