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News

EssilorLuxottica shares jump

Reuters on MSN · 23h
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 · 5h
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 · 1d
Shares of Ray-Ban maker EssilorLuxottica jump 6% 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.
Cambridge Independent
2h
Inside Facebook owner Meta’s new £12m audio research lab in Cambridge for AI-powered glasses
Facebook owner Meta has opened a £12million audio research laboratory in Cambridge as it steps up its work on AI-powered ...
19h
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.
1don MSN
Meta buys minority stake in eyewear giant EssilorLuxottica worth $3.5B
Meta Platforms (NASDAQ:META) has acquired a small non-controlling stake in eyewear holding company EssilorLuxottica ...

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