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Key Takeaways
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Shares of eBay surged Wednesday after Meta Platforms said some listings on the auction site will be included in Facebook Marketplace.
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Meta is launching a test program allowing users in the U.S., France, and Germany to view eBay listings on Facebook Marketplace and then complete purchases on eBay.
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The move comes after European regulators fined Meta last year, accusing the company of harming other marketplace providers.
Shares of eBay (EBAY) surged Wednesday after Meta Platforms (META) said some listings on the auction site will be included in Facebook Marketplace.
Meta is launching a test program allowing users in the U.S., France, and Germany to view eBay listings on Facebook Marketplace and then complete their purchases on eBay. EBay's stock price jumped nearly 10% Wednesday to close at $69.40, its highest level since November 2021.
The move to add eBay listings comes after Meta was fined nearly 800 million euros ($825 million) in November by the European Commission, which accused the company of harming other classified marketplace providers by linking Marketplace to Facebook.
“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 said Wednesday.
Adding eBay listings "could benefit people using both platforms" by increasing the reach of eBay listings and giving Marketplace customers more options, the company added.
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