Meta is sharpening its concentrate on wearable tech, shopping for a stake in eyewear large EssilorLuxottica SA, Bloomberg reported Tuesday.

Meta Platforms (META) acquired an almost 3% stake in its AI-eyewear accomplice EssilorLuxottica, the mother or father firm of Ray-Ban and Oakley, Bloomberg’s article mentioned, with the funding estimated at $3.5 billion primarily based on the present share costs of EssilorLuxottica, which trades on the Paris change. 

The businesses partnered to promote Ray-Ban and Oakley Meta glasses in new markets this spring. The shades can be utilized to entry Meta AI, get reside translations, take pictures and movies, take heed to music and podcasts, and make calls and texts, the businesses mentioned. “We’re bringing the facility of clever eyewear to extra individuals, in additional methods, than ever earlier than,” mentioned Rocco Basilico, Chief Wearables Officer of EssilorLuxottica.

Meta and EssilorLuxottica started collaborating on good glasses in 2019 and mentioned final 12 months that that they had agreed to proceed this work “into the subsequent decade.”

EssilorLuxottica—in addition to Meta, the mother or father firm of Fb, Instagram, and WhatsApp—didn’t instantly reply to Investopedia’s request for remark.

SoFi Applied sciences (SOFI) stated Tuesday it is including new private-market funds providing publicity to startups like OpenAI and SpaceX.

The brand new funds are supposed to develop entry to investments in a variety of private companies “throughout AI, machine studying, area expertise, client merchandise, healthcare, e-commerce, and monetary expertise,” SoFi stated.

In addition they have funding minimums as little as $10, effectively beneath what’s required by a few of its different private-market funds, such because the $25,000 minimal for SoFi’s Cosmos Fund, which provides publicity to SpaceX as effectively. SoFi stated it’s working with asset managers Cashmere, Fundrise and Liberty Road Advisors to supply the funds.

“SoFi is increasing various funding alternatives for a brand new technology of traders,” SoFi CEO Anthony Noto stated in a launch. Shares of SoFi rose practically 4% Tuesday, and have added near a 3rd of their worth to this point in 2025.

The transfer additionally comes after Robinhood (HOOD) final week stated it will supply “tokenized” stakes in OpenAI and SpaceX to customers in Europe. OpenAI distanced itself from the providing, writing, “These ‘OpenAI tokens’ usually are not OpenAI fairness. We didn’t accomplice with Robinhood, weren’t concerned on this, and don’t endorse it.”

Trump Media & Expertise Group (DJT) plans to launch one other exchange-traded fund that holds extra than simply Bitcoin and Ether. 

The Fact Social dad or mum firm, based by President Donald Trump, filed Tuesday to create the Fact Social Crypto Blue Chip ETF. The fund can be made up of 70% Bitcoin and 15% Ether, together with 8% Solana, 5% Cronos, and a pair of% XRP. The submitting stated the proposed fund would commerce on the New York Inventory Alternate’s Arca platform for ETFs.

The information comes after Trump Media final month filed for 2 ETFs: one that might invest 75% of its property in Bitcoin and the rest in Ether, and one other that includes Bitcoin solely. In all three cases, Trump Media stated the launch would occur “later this yr.” Crypto.com in March stated it would partner with the corporate to supply the ETFs.

In Might, Trump Media stated it deliberate to lift $2.5 billion to purchase Bitcoin. 

Bitcoin not too long ago traded just under $109,000, whereas Ether modified palms above $2,600. Solana, Cronos, and XRP had been at about $151, 10 cents, and $2.30, respectively. 

Shares of Trump Media rose shut to three% Tuesday, however are down greater than 40% for 2025.