META - What's Going On With Meta Platforms Shares On Thursday? | Benzinga
Meta Platforms Inc (NASDAQ:META) is trading higher Thursday after the Wall Street Journal reported that it plans to acquire a 5% stake in eyewear company EssilorLuxottica (OTC:ESLOY).
What Happened: EssilorLuxottica, Meta’s partner for the Ray-Ban smart glasses, with an investment value of about 4.5 billion euros ($5 billion), based on EssilorLuxottica's market value.
The Ray-Ban Meta smart glasses, introduced last year, can take calls, play some music, help do live streams, and even search for things that you look at.
Sales of the latest Ray-Ban Meta smart glasses have surpassed expectations. Meta aims to leverage this momentum to develop more devices in collaboration with ...