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Tech Giants Potentially Seek Partnership With Ray Ban Maker After Smart Glasses Collaboration
EssilorLuxottica (OTC:ESLOY) stock rose after the eyewear giant revealed interest from Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and other major technology companies in exploring partnerships following its collaboration with Meta Platforms (NASDAQ:META) to develop Ray-Ban smart glasses.
EssilorLuxottica CEO Francesco Milleri highlighted the company’s awareness of Meta’s intention to take a stake in the company. However, any share purchases by Meta would need to be conducted on the open market.
This statement followed a report by The Wall Street Journal indicating that ...