Sales of Snap's Spectacles fell sharply in the second quarter amid disappointing earnings
Meanwhile, daily active users (DAUs) grew to 173 million but missed expectations as well. Snap is facing stiffer competition than ever thanks to copycat products in the form of Facebook-owned Instagram Stories. Snap has often talked about itself as a "camera company" with hardware seen as a key differentiator for the company. Earlier this month, TechCrunch...