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News

EssilorLuxottica shares jump

Reuters on MSN · 20h
EssilorLuxottica shares jump after reports that Meta bought 3% stake
By Elisa Anzolin and Juby Babu (Reuters) -Shares in EssilorLuxottica, the maker of Ray-Ban glasses, jumped on Wednesday after reports that Meta Platforms had acquired a stake of nearly 3% in the Franco-Italian company.
ET BrandEquity · 2h
Meta buys 3 per cent stake in Ray-Ban parent co; shares jump
EssilorLuxottica shares surged after reports indicated Meta Platforms acquired nearly a 3% stake in the eyewear company. This investment, potentially reaching 5% later, signals confidence in EssilorLuxottica's smart glasses venture.
CNBC on MSN · 22h
Shares of Ray-Ban maker EssilorLuxottica jump 5% on reported Meta stake in AI push
Meta and EssilorLuxottica first struck up a partnership in 2019, producing two generations of Ray-Ban Meta smart glasses.
17h
Meta invests $5.3b in world’s biggest eye-wear maker
The minority stake in EssilorLuxottica will allow Meta to continue its push to manufacture smart glasses with AI features.
18h
Meta's $3.5B Power Move: Why Zuckerberg Just Bought Into the World's Top Eyewear Giant
In Meta's eyes, smart glasses could finally give it something it's lacked: a native hardware platform that bypasses phones ...

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