Meta is now reportedly considering buying a stake of around 5% in the firm behind leading eyewear manufacturer EssilorLuxottica. The company is behind eyewear brands such as Ray-Ban, Oakley, Supreme, and a number of other brands. So, what should you know about it?
For your information, Meta was ready to cooperate in the production of Ray-Ban smart glasses before, and taking this stake is expected to allow Meta to better focus on the development of smart glasses. Lately, various companies have been looking at augmented reality or mixed reality technology through glasses.
In addition, Meta is among the leading companies in this arena. This investment will also allow Meta to expand its offering of smart glasses faster than others, in addition to having a certain amount of expertise in the arena.
Regardless, it is reportedly still in the early stages of discussion, and there is a possibility that this takeover may not materialize. Hopefully, everything will be sorted out soon.
What are your thoughts about this news? Stay tuned for more news and updates like this at TechNave!
COMMENTS