Read more
1:46 PM ยท 18 July 2024

EssilorLuxottica surges 7% as Meta explores multi-billion investment in company ๐Ÿ“ˆ

According to Financial Times, the owner of a popular eye-glasses brand Ray Ban, Paris-based EssilorLuxottica (EL.FR) may have a deal with American media and technology giant, Meta Platforms (META.US).

  • EssilorLuxottica stock gains almost 7% after media reported that Meta explores possible multi-billion euro investment in the French company. Investors can't be sure, but it's possible that Meta, which is still interested in and invest in so-called Metaverse trend, would like to implement AR (augmented reality) technology in 'smart glasses' Ray Ban's.
  • The US company is considering 'a small stake' in the Franco-Italian group, according to multiple FT sources, This week, EssilorLuxottica also took an 80% stake in Heidelberg Engineering, a company specialising in eye surgery technologies. It's' probable that any deal with Meta may help Essilor increase smart glasses sales.

Source: xStation5

16 April 2026, 4:12 PM

US Open: S&P 500 at all-time high ๐Ÿ“ˆCharles Schwab decline 4.5% despite strong earnings report

16 April 2026, 12:46 PM

Netflix stock up 18% since the start of 2026 ๐Ÿ“Š Q1 earnings in focus

16 April 2026, 12:11 PM

U.S. energy and utilities sectors in focus ๐Ÿ” What will S&P 500 companies show?

16 April 2026, 9:53 AM

TSMC delivers a record quarter. AI is driving results and reshaping the entire cycle

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits