Warby Parker (WRBY) Stock Explodes On Google Partnership: What's Going On?

Benzinga
2025.05.20 19:14
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Warby Parker's stock surged 15.9% to $20.38 following the announcement of a strategic partnership with Google, which includes up to $150 million in support for AI-powered smart glasses development. The collaboration aims to merge Warby Parker's eyewear design with Google's technology, with the first product expected post-2025. Co-CEOs highlighted the potential of wearable AI to enhance daily interactions. Google's investment includes $75 million for product development and an optional $75 million equity investment based on milestones.