Wall Street Warns "Pervert Glasses" Backlash Threatens AI-Wearables Boom

Wall Street Warns "Pervert Glasses" Backlash Threatens AI-Wearables Boom Bernstein analysts are out with a note on how Meta Platforms and EssilorLuxottica's once-hot smart glasses business is running out of steam because of an emerging public backlash over privacy and surveillance, raising questions about whether the smart glasses industry as a whole is hitting a brick wall. Luca Solca, Bernstein's senior equity analyst and global luxury-goods sector head, covers companies including EssilorLuxottica, LVMH, Hermès and Richemont. He said Ray-Ban Meta glasses were initially a "commercial success," but public opinion has since...