Warby Parker Shares Soar on $150 Million Google Smart Glasses Deal
Summary
Warby Parker shares surged around 16% after Google announced a $150 million partnership to develop stylish smart glasses, with the first line set to launch after 2025 using Google's Android XR operating system and AI assistant.
Key Points
- Warby Parker shares surged about 16% after Google announced a $150 million smart glasses partnership.
- Google committed up to $150 million for product development costs and milestones related to the smart glasses collaboration.
- Warby Parker plans to launch a series of smart glasses with Google, with the first line set to arrive after 2025 built on Google's Android XR operating system.