Snap launched a new version of its Spectacles smart sunglasses last week, even though the first version was a big bust. That decision looks even more dubious after the company announced its quarterly results Tuesday, reporting yet another big loss and some serious problems with usage and ads sales of its core Snapchat app. The company would likely be better off focusing on Snapchat than peddling another hardware product. After Snap's latest quarter, you have to wonder just what in the...

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