Meta Extends Smart Eyewear Partnership With Ray-Ban Maker EssilorLuxottica
By Adria Calatayud
Meta Platforms and EssilorLuxottica extended a partnership to develop smart-eyewear products with a new long-term agreement.
European eyewear giant EssilorLuxottica, which has teamed up with the Facebook and Instagram parent since 2019 to make the Ray-Ban smart glasses, said Tuesday that the two companies plan to collaborate into the next decade, building on their existing partnership.
Financial details of the new agreement weren't disclosed.
"We have the opportunity to turn glasses into the next major technology platform, and make it fashionable in the process," Meta Chief Executive and founder Mark Zuckerberg said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
September 17, 2024 02:05 ET (06:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States