Meta Investment Boosts EssilorLuxottica Shares

Shares in EssilorLuxottica surged 5.4% as Meta Platforms acquired a 3% stake in the company, boosting confidence in smart-glasses potential. Meta’s investment, worth around $3.5 billion, could increase to a 5% stake over time. EssilorLuxottica plans to expand production capacity for smart glasses with Meta partnership. Oakley Meta HSTN will feature AI capabilities.

Read more at Yahoo Finance: EssilorLuxottica shares jump after reports that Meta bought 3% stake