Why Snapchat might just win the augmented reality wars

The sheen seems to have come off Snapchat. For a while, the messaging app once associated with teens and sexting promised to become the next Facebook, engulfing both how we chat and how we consume media. But since parent company Snap Inc.'s IPO in March, its stock price has slipped precipitously. Their novel and interesting camera glasses generated a burst of hype, but sold 150,000 units. Most threateningly of all, Instagram Stories, which copied the format of disappearing short form video,...