8/18, 6:19 PM (Source: TeleTrader)
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Chart for: Snap Inc

Snap stops selfie camera drone project - report

Snap Inc. will put an end to the development process of its Pixy flying selfie camera, The Wall Street Journal reported on Thursday, citing unnamed sources with knowledge of the company's plans.

According to the report, CEO Evan Spiegel told employees that the development of the project will be stopped so the company could reorganize its resources.

The Pixy drone was launched earlier this year and its price in the United States was $230. Snap will continue selling the flying camera in its current form, one of the sources revealed.

Baha Breaking News (BBN) / MS