Meta and EssilorLuxottica discuss doubling Ray-Ban smart glasses production to 20M units. Demand forces pause on international expansion.

Meta Wants to Double Ray-Ban AI Glasses Output to 20 Million Units by Year End

Meta plans to cut 10% of Reality Labs employees as Zuckerberg pivots from $70B metaverse bet to AI. Layoffs expected this week.

Meta to Cut 10% of Reality Labs as Zuckerberg Retreats from Metaverse Bet

Meta names Goldman Sachs veteran Dina Powell McCormick as first-ever president. $100B+ AI infrastructure buildout needs dealmaker.

Meta announces 6.6 GW nuclear energy commitments with Vistra, Oklo, and TerraPower. Vistra jumps 10.5% as Big Tech's nuclear race accelerates.