Meta reportedly in talks to buy stake in Ray-Ban maker

Meta (META) is in talks to buy a five percent stake of EssilorLuxottica (EL.PA, ESLOY), according to several reports. The companies may be looking to deepen their connection following the successful release of their Ray-Ban Meta smart glasses.

Meta is one of the many companies that has been exploring the growing world of smart wearable devices, a trend Yahoo Finance explored in a recent episode of Next.

Yahoo Finance tech editor Dan Howley explains how this fits with Meta's plans for augmented reality glasses.

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This post was written by John Lesinski