META INVESTS $3.5 BILLION IN WORLD'S LARGEST EYE-WEAR MAKER IN AI GLASSES PUSH

Summary from the TLDR newsletter

Meta has bought a minority stake in EssilorLuxottica. It acquired just under 3% of the Ray-Ban maker, a stake worth around $3.5 billion at the current market price. Meta is considering further investment that could build the stake to around 5% over time, though those plans could still change. The deal provides EssilorLuxottica with a deeper presence in the tech world.