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With eBay experiencing stagnation in its business, the integration of its listings into the Facebook Marketplace may provide the boost it desperately needs.
Shares of eBay (NASDAQ: EBAY) surged nearly 10% on January 8, closing at a 52-week high of $69.40. The rally followed an announcement by Meta Platforms (NASDAQ: META) allowing eBay listings to appear on Facebook Marketplace.
eBay stock price went parabolic on Wednesday after the company received some good news from Meta Platforms, the biggest social media company globally. The stock surged to a high of $71.50, its highest point since November 2021, continuing a trend that started in October when it bottomed at $31.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Shares of eBay (EBAY) surged Wednesday after Meta Platforms (META) said some listings on the auction site will be included in Facebook Marketplace.
Major U.S. equities indexes were mixed on Wednesday as the minutes from last month's Federal Reserve meeting revealed some uncertainty about the trajectory of inflation and suggested that policymakers will adopt a cautious approach to interest-rate cuts in 2025.
AMD Inc. (AMD) received a double downgrade from HSBC, but that didn't stop Tom White from finding an unusual bullish options trade for the stock. He breaks down the activity in AMD and analyzes other bullish trades in eBay Inc. (EBAY) and Snap Inc. (SNAP).
Shares of online marketplace eBay (EBAY 9.51%) jumped to three-year highs on Wednesday thanks to an unlikely collaboration. Meta Platforms (META -0.81%) is facing regulatory pressure in Europe.
Meta said Wednesday that it will allow some Facebook users to view eBay listings on its Marketplace service, as it tries out a possible way to resolve European Union charges of anticompetitive behavior that the bloc leveled last year.
Shares of eBay soared 12% Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace. The rollout will begin with a test in Germany, France and the United States.