# Snap’s “Crucible Moment” Flops On Wall Street

Page: https://stenobird.com/podcast/prof-g-markets-6899881/snap-s-crucible-moment-flops-on-wall-street
Text version: https://stenobird.com/podcast/prof-g-markets-6899881/snap-s-crucible-moment-flops-on-wall-street.md
Podcast: [Prof G Markets](https://stenobird.com/podcast/prof-g-markets-6899881)
Published: 2026-06-18T08:15:00+00:00
Episode link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/mgln.ai/e/257/traffic.megaphone.fm/VMP5240459148.mp3
Audio file: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/mgln.ai/e/257/traffic.megaphone.fm/VMP5240459148.mp3
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JSON: https://stenobird.com/v1/public/podcasts/prof-g-markets-6899881/episodes/snap-s-crucible-moment-flops-on-wall-street
Duration seconds: 1718

## Resource

Ed Elson is joined by Mark Gurman to discuss what investors thought about Snap's new AR Specs and what the launch says about the company's future. Then, Mark Zandi breaks down the Fed's latest interest rate decision and whether a rate hike is still on the table this year. Later, Vasant Dhar joins the show to explore what role AI should play in investing. Finally, Ed explains why he believes Snap's latest bet could be the final nail in the coffin for the company. Mark Gurman is the Managing Editor and Chief Correspondent for Bloomberg News. Mark Zandi, Chief Economist at Moody's Analytics. Vasant Dhar is a professor at NYU Stern, founder of SCT Capital Management and author of Thinking With Machines. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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## Transcript

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