CNBC September 16, 2025
Key Points
– Meta spent billions of dollars trying to make virtual reality catch on with consumers. As it shifts its metaverse bet toward smart glasses, investors will be watching to see how the public responds.
– The social media company is set to unveil its most advanced smart glasses yet on Wednesday at its Connect annual event. The Hypernova glasses are expected to include a display and cost $800.
– “I’ve definitely seen the company’s focus shift from VR headsets to glasses,” said Justin Post of Bank of America Securities. “At this point, the glasses are going to be much more impactful.”
Meta spent billions of dollars unsuccessfully trying to make virtual reality catch on with consumers. As it...
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