Snapchat changes name to Snap Inc., debuts 'Spectacles'
NEW YORK (AP) -- Social media app Snapchat is introducing video-recording glasses called Spectacles and is changing its company name to incorporate the new product.
The glasses can record video 10 seconds at a time by tapping a button on the device. The video is then uploaded to the Memories section of the popular image-messaging app via Bluetooth or Wi-Fi. The glasses are the first hardware from the Los Angeles-based company.
The glasses record so-called "circular video," meaning it plays full-screen on any device in any orientation.
They will be available in the U.S. in the fall on a limited basis and cost $130.
The company says it's changing its name to Snap Inc. since it now has more than one product. The app will retain the name Snapchat.
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