This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META), the social-media and AI-wearables company, entered Friday with France turning up the regulatory heat on camera-equipped smart glasses. Shares dropped to $677.30. French prosecutors have opened a harassment investigation involving unspecified smart glasses, while privacy regulator CNIL has received fewer than ten workplace complaints without naming individual brands. Meta's exposure still matters because its EssilorLuxottica partnership commands roughly 76% of the global smart-glasses category, with the companies selling about seven million units last year.
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