:max_bytes(150000):strip_icc()/GettyImages-1958242867-c1e649e8979547e9867a8c9ebdf32b50.jpg?w=1500&resize=1500,995&ssl=1 "EBay Stock Pops 10% After Meta Says Some Listings Will Be Viewable on Facebook Marketplace | Global News Avenue")
EBay Stock Pops 10% After Meta Says Some Listings Will Be Viewable on Facebook Marketplace
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1958242867-c1e649e8979547e9867a8c9ebdf32b50.jpg)
Main points
- eBay shares soared Wednesday after Meta Platforms said some items on the auction site would be included in Facebook Marketplace.
- Meta is launching a beta program that will allow users in the United States, France and Germany to view eBay listings on Facebook Marketplace and then complete purchases on eBay.
- This comes after European regulators fined Meta last year, accusing the company of harming the interests of other marketplace providers.
eBay (eBay) on Wednesday on Yuan Platform (Mehta) indicates that some listings on the auction site will be included in Facebook Marketplace.
Meta is launching a beta program that will allow users in the United States, France and Germany to view eBay listings on Facebook Marketplace and then complete purchases on eBay. eBay shares rose nearly 10% on Wednesday to close at $69.40, their highest level since November 2021.
The move to add eBay listings comes at Mehta fined In November, the European Commission fined the company nearly 800 million euros ($825 million), accusing it of harming the interests of other classified marketplace providers by linking Marketplace to Facebook.
“While we disagree with the European Commission’s decision on Facebook Marketplace and continue to appeal it, we are working quickly and constructively to develop solutions to address the issues raised,” Meta said on Wednesday.
The company added that adding eBay listings “can benefit people using both platforms” by increasing the reach of eBay listings and providing Marketplace customers with more choices.
:max_bytes(150000):strip_icc()/GettyImages-1958242867-c1e649e8979547e9867a8c9ebdf32b50.jpg?w=1200&resize=1200,0&ssl=1&description=EBay+Stock+Pops+10%25+After+Meta+Says+Some+Listings+Will+Be+Viewable+on+Facebook+Marketplace+%7C+Global+News+Avenue){kind=link}