eBay Shares Surge Highest Since 2021 After Meta Collaboration Announcement

eBay Shares Surge as Meta Introduces Marketplace Integration Pilot Program

In the U.S., France, and Germany, Meta is starting a test program that will enable consumers to examine eBay listings on Facebook Marketplace before making purchases on eBay. In this direction, on Wednesday, eBay’s stock price surged by about 10% to settle at $69.40, the highest since November 2021. By expanding the reach of eBay listings and providing Marketplace customers with additional options, the business claimed that adding eBay listings might help people who use both platforms.

Meta Responds to $825M EU Fine by Integrating eBay into Marketplace

After the European Commission fined Meta about 800 million euros ($825 million) in November for allegedly hurting other classified marketplace providers by connecting Marketplace to Facebook, the business decided to add eBay listings.

While we disagree with and continue to appeal the European Commission’s decision on Facebook Marketplace, we are working quickly and constructively to build a solution which addresses the points raised,

Meta

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