Meta Platforms falls ~2% premarket after CEO unveils new AI products at Connect developer conference
What happened
Following CEO Mark Zuckerberg's keynote on the night of Wednesday, Sep 23, 2026 at Meta's annual Connect developer conference in Menlo Park, CA, Meta shares were down about 2% ahead of the opening bell on Thursday, Sep 24, after rallying in the days leading up to the event. Zuckerberg unveiled new smart-glass models — including an audio-only Ray-Ban Meta Audio ($349, shipping Oct 13, the first camera-free pair) and the third-generation Ray-Ban Meta ($449, on sale now) — plus the $1,299.99 Meta VR Glasses (spring 2027, ~100g frames with a tethered compute puck, 5K Infinite Display) and the Muse Charm, a palm-sized/keychain AI pendant for the Muse personal AI agent shipping for the holidays. He also announced an FDA-cleared hearing-enhancement feature for the glasses and said Muse would evolve into 'personal superintelligence' used by billions.
Why it matters & what’s next are part of Pro, along with the audio summary.
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Who’s affected
- Meta (META) directly — hardware margins and Reality Labs losses remain the bear case. Alphabet and Apple — named as competitors Meta's Muse push threatens (Gene Munster called the Muse focus 'bad news' for Alphabet). Ray-Ban/Oakley parent (EssilorLuxottica) — exposed via the expanding AI-glasses lineup. Dolby (DLB) — announced Dolby Atmos/Vision integration across Meta's glasses, Instagram, and VR devices at Connect.