Zuckerberg Signals Investment in EssilorLuxottica for Long-Term Collaboration

Meta Platforms' potential investment in eyeglasses maker EssilorLuxottica is a 'symbolic' gesture to cement their long-term partnership. CEO Mark Zuckerberg emphasized the strategic value of the partnership and its potential to elevate EssilorLuxottica from a premier glasses company to a major tech firm. Meta also showcased its Orion augmented reality glasses prototype at a recent conference.

Meta Platforms is reportedly exploring an investment in eyeglasses manufacturer EssilorLuxottica to strengthen their long-term collaboration, according to CEO Mark Zuckerberg in an interview with The Verge. While he downplayed the size of the investment, Zuckerberg emphasized its symbolic importance for their partnership.

EssilorLuxottica and Meta have been collaborating on smart eyewear, and Zuckerberg highlighted the transformative potential of EssilorLuxottica in the tech industry. 'I fundamentally believe in them,' he said, predicting the company's evolution into a major technology firm.

Meta revealed its first working prototype of augmented-reality glasses, named Orion, at its annual Connect conference. Earlier, the Wall Street Journal reported that Meta might take a 5% stake in the French-Italian eyewear group.

(With inputs from agencies.)