Meta Platforms Inc. Dives into Eyewear Industry with Minority Stake in EssilorLuxottica

Meta Platforms Inc. has acquired a minority stake in French ophthalmic firm EssilorLuxottica, purchasing just under 3% valued at approximately 3 billion euros. Meta is considering increasing its investment to around 5% over time. The acquisition marks Meta’s move into the eyewear industry.

Read more at Nasdaq: Meta Reportedly Acquires Minority Stake In EssilorLuxottica