Snapchat changes name to Snap Inc., debuts video-recording 'Spectacles'

Social media app Snapchat is changing its corporate name to Snap Inc. and introducing video-recording glasses called 'Spectacles.'

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 app via Bluetooth or Wi-Fi. The app will retain the name Snapchat.

The glasses are the first hardware from the Los Angeles-based company. The company says it's changing its name since it now has more than one product.

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.

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This story was originally published September 24, 2016 at 11:58 AM with the headline "Snapchat changes name to Snap Inc., debuts video-recording 'Spectacles'."