Snap Plans New Spectacles, Weinstein Co. Strikes Last Minute Deal for Sale
Snap is planning to release new versions of its hugely unpopular Spectacles. Cheddar senior reporter Alex Heath joins us to share the details on the company's plan for the new smart glasses. Snap will release a second version of its Spectacles this fall and is aiming to release a third version sometime thereafter. The second version will include performance improvements and the third will have increased camera technology. Snap had to take a $40 million loss on its first version of Spectacles due to lack of interest.
The Weinstein Co. lives to fight another day after a last-minute deal emerged Thursday night. An investor group will buy the Weinstein Co. in a deal worth $50 million. Maria Contreras-Sweet, President Obama's former Small Business Administration head, is leading the negotiations. In a statement, she said she looks forward to launching a "new company, with a new board and a new vision." This comes days after the Weinstein Co. filed for bankruptcy.
When it comes to finding a job, the interview may cause the most anxiety for applicants. Cheddar News' docuseries, Ready 4 Work, speaks with job seekers who learn what to do when that all-important interview is remote.
Major averages rose in Wednesday's opening session but the Nasdaq fell after Alphabet reported cloud revenue below Wall Street estimates, despite topping profit views.
An off-duty commercial pilot riding in an extra cockpit seat on a Horizon Air flight said “I’m not OK” just before trying to cut the engines midflight and later told police he had recently taken psychedelic mushrooms as his mental health worsened, according to a federal complaint made public Tuesday.
California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace.
