eBay shares rise 10% as Meta to test displaying eBay items on Facebook Marketplace

2025-01-08 22:46:55

eBay shares rose nearly 10% Wednesday after Facebook parent Meta announced it will test displaying eBay merchandise listings on Facebook Marketplace.

Meta said it will launch a test in Germany, France and the U.S. that will allow buyers to browse eBay items on Facebook Marketplace and then complete transactions on eBay.

Last November, the European Commission fined Meta $840 million for abusing its market position to benefit Facebook Marketplace.

Meta said the company is still appealing the European Commission's decision on Facebook Marketplace, but is working to resolve the issues raised.

Facebook Meta

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Southwest Airlines CEO: Although Boeing still has a lot of work to do, they seem to be moving in a good direction and we are more optimistic.
                            2025-01-31

                                    White House Press Secretary Levitt: Details about the Nvidia meeting are still unclear.
                            2025-02-01

                                    Apple (AAPL.O) said the Apple Pay outage has been resolved.
                            2025-01-29

                                    Jefferies: Raised Meta Platforms (META.O) price target from $715 to $810.
                            2025-01-30

                                    Sam Altman, founder and CEO of OpenAI: OpenAI will develop specialized hardware for AI.
                            2025-02-03