Meta Enters a Partnership With the Manufacturer of Ray-Ban Glasses – Billion-Dollar bet on the Future of Eyewear

Meta Platforms invests $3.5 billion in a minority stake in EssilorLuxottica – the world's largest eyewear manufacturer based in France and Italy. According to a Bloomberg report, the tech company is acquiring just under 3% of shares. Although the investment has no power implications, a future increase to up to 5% seems possible. The news was well received on the stock market: EssilorLuxottica's shares rose by 7%, and the US rival Warby Parker also gained more than 4%. Meta focuses on smart glasses With its entry into EssilorLuxottica, Meta...