Meta's investment in EssilorLuxottica will be 'symbolic', Zuckerberg says

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MILAN : A prospective investment by Meta Platforms in eyeglasses maker EssilorLuxottica will be a "symbolic" gesture to cement their long-term partnership, CEO Mark Zuckerberg told technology news website The Verge."I think we've talked about investing in them. It's not going to be a major thing.

FILE PHOTO: Meta CEO Mark Zuckerberg delivers a speech, as a pair of Ray-Ban smart glasses appear on screen, during the Meta Connect event at the company's headquarters in Menlo Park, California, U.S., September 27, 2023. REUTERS/Carlos Barria/File PhotoMILAN : A prospective investment by Meta Platforms in eyeglasses maker EssilorLuxottica will be a"symbolic" gesture to cement their long-term partnership, CEO Mark Zuckerberg told technology news website The Verge.

"I fundamentally believe in them a lot. I think that they're going to go from being the premier glasses company in the world to one of the major technology companies in the world," he added. In July, EssilorLuxottica confirmed that the tech giant might invest in the company, after the Wall Street Journal reported that the two companies had discussed Meta taking a 5 per cent stake in the French-Italian group.

 

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