Report: Meta Seeks Stake in Smart Glasses Partner EssilorLuxottica

Meta and EssilorLuxottica have been partners since the time of the Ray-Ban Stories smart glasses, which went on sale in 2021, per the report. A 5% stake could be valued at about 4.5 billion euros ($4.9 billion), according to the report. The two companies partner on Ray-Ban Meta smart glasses, which have seen higher-than-expected sales and are an important part of Meta's hardware business, according to the report. While that device struggled to catch on with consumers, the second-generation Ray-Ban Meta smar ...