The Wall Street Journal reported on Thursday that Snapchat parent company Snap Inc. will no longer be developing its flying selfie drone, the Pixy.
The $230 Pixy will continue to be offered in its existing form, the article claims.
Nearly four months have passed since the Santa Monica, California-based startup unveiled the pocket-sized camera that can fly a few feet above its operator to capture still images and moving pictures.
After releasing poor financial results last month, Snap issued a warning about the “extremely tough conditions” brought on by the current economic unrest and growing competition.
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