The Rundown Meta Invests $3.5B in Ray-Ban Maker, Starbucks Fields Offers for China Business
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Jul 9, 2025 Discover how Meta is shaking up the tech scene with a $3.5 billion investment in Essilor Luxottica, aiming to bring AI-powered wearables to life. Meanwhile, Starbucks is contemplating the sale of its China business, signaling a major strategic shift. The conversation also touches on the latest trends in the stock market, a notable healthcare acquisition, and the soaring valuation of SpaceX. Tune in for insights into these pivotal moves shaping the industry!
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Meta's Smart Glasses Bet
- Meta's $3.5 billion investment in EssilorLuxottica signals a strong bet on AI-powered smart glasses as the next big hardware hit.
- They aim to scale production to 10 million smart glasses annually by 2026 and expand to luxury brands, hoping for mass adoption.
Personal Experience with Smart Glasses
- Zaid Admani owns a pair of Ray-Ban smart glasses and uses them almost daily.
- He praises them as a great product, highlighting positive user experience.
Starbucks' China Challenges
- Starbucks' China business struggles as local competitor Luckin Coffee grows rapidly with cheaper drinks and expansion.
- This has Starbucks considering selling their China operations to refocus resources, potentially on the U.S. market.