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eBay (EBAY.US) rose by 13% as it will get displays on Fb Marketplace.
eBay (EBAY.US) saw its stock price surge by 13% on Wednesday, with the latest increase narrowing to about 9%. Meta (META.US) announced a test showing eBay listings on Facebook Marketplace. Meta stated that this launch will initially be tested in Germany, France, and the USA, allowing buyers to view listings directly on Marketplace and complete Trades on eBay. This collaboration could boost eBay's market Business, which has struggled to compete with E-Commerce giants like Amazon.
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Under EU antitrust regulations, Meta has proposed a solution: to display eBay product information, resulting in a rise of over 13% in eBay's stock price.
On Wednesday Eastern Time, Meta announced that it will display eBay's product information on Facebook Marketplace in response to the European Union's antitrust ruling. The ruling imposed a fine of 0.798 billion euros on Meta, which has appealed the decision. After the news was announced, eBay's stock price surged over 13% during Regular Trading Hours.
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Trending Stocks Today | Currenc Group Surges 310.79%
January 8th - US stocks trending in regular trading hours.Gainers: $Currenc Group(CURR.US)$ soars 310.79% to $5.71 with a turnover of $1.02 billion. $Sana Biotechnology(SANA.US)$ shoots up 220.6% to $
Unusual Options Activity: IVZ, HIMS and Others Attract Market Bets, IVZ V/OI Ratio Reaches 198.8
EST Jan 8th Morning Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
US stock movement: eBay surged over 13%, hitting a new high in over three years, as it received permission from Facebook to connect to its platform to avoid EU fines.
On January 8, Gronhui reported that eBay (EBAY.US) rose over 13% to $71.52 in early trading, hitting a new high since November 2021. In terms of news, Social Media platform Facebook's parent company Meta announced a test in the USA, France, and Japan to allow Facebook Marketplace to showcase eBay Commodities. Users can complete shopping Trades on eBay through relevant links, which is believed to be beneficial for users on both sides and can broaden interaction. Last November, the European Commission fined Meta nearly 0.798 billion euros, accusing the company of abuse.
Sana Biotechnology (SANA), EBay (EBAY) Are Among Today's Big Winners