Snap showed its earnings report for the first time ever, and unless you like $2.2 billion losses, it's not good.
On today's show, we take a look at what role Spectacles played in Snap's earnings woes, and what the "camera company" is doing to take on its rivals at Instagram. We did the math on the Spectacles sales, and it turns out less than 0.05 percent of Snapchat's users actually own the camera-glasses. Not even puppy filters could make this look better.
Also on the podcast, we talk about an experience at the Tribeca Film Festival's Immersive program, which had a virtual reality theater where actors in motion-capture suits were able to reach out and touch you. And we discuss a report that the Department of Homeland Security may soon ban large electronics in the cabin on flights from parts of Europe.
The 3:59 gives you bite-size news and analysis about the top stories of the day, brought to you by the CNET News team in New York and producer Bryan VanGelder.
Check out the extended shows on YouTube.
Oh Snap! Turns out dog filters are not a great business model (The 3:59, Ep. 226)