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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
Why would a tech giant like Meta invest in a company known for sunglasses and streetwear? When was the last time you saw a tech nerd care about fashion? Well, Meta just did.
Meta is in talks to acquire a 5% stake in the Ray-Ban maker, EssilorLuxottica, a move valued at around $5 billion. This isn't their first rodeo; Meta and EssilorLuxottica have an ongoing partnership to create our Ray-Ban Meta smart glasses.
Suprisingly, what caught me off-guard is that EssilorLuxottica (just two days ago) acquired Supreme for $1.5 billion. So in a way, Meta is indirectly investing in Supreme. Weird, right?
Never in a million years did I expect tech geeks to team up with kids that camp outside stores for days just to snag a hoodie (or a brick). Supreme, with its strong brand appeal for Gen Z and millennials, could be a good target audience for Meta.
The synergies for Meta, EssilorLuxottica, and Supreme are promising. Integrating fashion ethos with Meta’s tech could create smart eyewear that appeals to younger consumers.
This collab creates eyewear that blends fashion with technology. And with Meta’s exposure to Supreme, (if they wanted to) they could tap into premium eyewear down the road.
The market for smart glasses is going to grow a lot, too, with revenue projections showing a significant increase over the next few years 👇
Smart glasses are a crucial piece of Meta’s vision for the metaverse. We're gradually integrating technology into our lifestyle. We already have headphones (work with the ears), haptic feedback on our phones (works with touch), and VR headsets (work with the eyes). I wouldn't be surprised to see a future where we blend our lives with more tech, for convenience.
How do you think Meta’s investment will affect smart eyewear and fashion-tech?