David Abraham Gilboa sold 94,906 shares for a total transaction value of approximately $2.6 million at a weighted average price of $27.51 per share in January. The trade represented 71.82% of Mr.
A co-CEO of Warby Parker sold 94,906 shares of the eyewear company for about $2.61 million, according to a recent Form 4. The sale represented 71.82% of Gilboa's direct holdings, reducing his direct position from 132,153 to 37,247 shares; however, Gilboa still holds a substantial number of shares through derivative securities.
The US economy continued to show resilience, with gross domestic product (GDP) growing at an annualised rate of 4.3% in the third quarter – its fastest pace in about two years. Household spending was the dominant driver (up 3.5%), underscoring the strength of the American consumer.
Warby Parker said on Monday it is collaborating with Alphabet's Google to develop lightweight AI-powered glasses, with the first product expected to launch in 2026.
Google on Monday said it plans to launch the first of its AI-powered glasses in 2026, as the tech company ramps up its efforts to compete against Meta in a heating consumer market for AI devices. The company said it plans to release audio-only glasses with its Gemini AI assistant and glasses that will include an in-lens display.
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