Snap Gets Smashed

Snap (SNAP) - Get Report  shares are down 13% in pre-market trading Friday following a disastrous quarter.

TheStreet's Annie Palmer had a little fun with her analysis of the numbers.

Snap may call itself a camera company, but it's not selling a lot of its Spectacles.

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You know, the camera-equipped glasses that seemed like it had the potential to make wearables cool again, while changing the way users record video on Snapchat. Spectacles were announced last September to great fanfare and via some quirky, yellow vending machines that popped up randomly around the country. The releases would draw big crowds that, in some cases, waited in line for as long as six hours to get their hands on a pair.

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