eBay's Strategic Move with Meta

In a significant market movement, eBay Inc.'s shares surged by almost 12% during Wednesday's trading session. This leap came on the heels of an announcement regarding a new partnership with Meta Platforms Inc.

Partnership Details

The collaboration will see eBay's offerings being featured on Facebook Marketplace. Initially, users in France, Germany, and the United States will have the opportunity to browse eBay listings directly on Facebook Marketplace, with transactions completed on eBay's platform.

Regulatory Compliance

This partnership is part of Meta's efforts to align with European Union trade regulations, following a hefty $840 million fine from the European Commission for favoring its Facebook Marketplace.

By 9:51 am ET, eBay's shares had risen by 11.94%, trading at $70.72 each.