Business

eBay Shares Soar Over 5% in Premarket Following Exciting Collaboration Announcement with Meta

eBay and Meta Join Forces

In a surprising turn of events, eBay Inc. saw its shares jump more than 5% early Wednesday. This significant surge came on the heels of an announcement regarding a new collaboration with Meta Platforms Inc.

What This Means for Users

Meta has unveiled plans to initiate a test in the United States, France, and Germany. This test will enable users to view eBay listings directly on Facebook Marketplace, potentially revolutionizing how users interact with both platforms.

Market Reaction

By 8:01 am ET, eBay's stock had climbed 5.15%, reaching $66.42 per share. This uptick reflects the market's optimistic reception to the news of this partnership.