Snap ceo4/3/2023 Though, Snap has said in the past that it might eventually pivot to selling products in the metaverse as well. "Our fundamental bet is that people actually love the real world: they want to be together in person with their friends." "One of the big overarching concepts people have is that a lot of those tools are designed to replace reality," Spiegel told The Guardian. Earlier this year, Spiegel said in an interview with The Guardian that his company refuses to use the word "metaverse," dubbing it "ambiguous and hypothetical." It wasn't the first time the Snap founder has dissed the metaverse. On Tuesday, Spiegel said that there is "a clear fork in the road between VR and AR," calling AR "more immersive." Last year, Snap unveiled its first pair of AR glasses. While VR takes the individual into a completely digitally recreated landscape, AR combines computer-generated content with the real world - meaning that in AR digital content is superimposed onto an individual's view of the real world. Spiegel read prepared remarks about the job cuts before answering a few pre-selected questions. The Snap founder has chosen to focus his company on expanding into augmented reality versus a virtual reality. The total national cut was approximately 5 billion decreasing the SNAP amount allotted per person from approximately 1.70 per meal to approximately 1. Snap CEO Evan Spiegel’s rallying cry fell flat with company staffers.
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