Why eBay Stock Jumped to a 3-Year High Today

Shares of online marketplace eBay (NASDAQ: EBAY) jumped to three-year highs on Wednesday thanks to an unlikely collaboration. Meta Platforms (NASDAQ: META) is facing regulatory pressure in Europe. To make life easier, it's testing eBay ads on its Facebook Marketplace. At 11 a.m. ET, eBay stock was up 11% on the news.European regulators don't like the exclusivity of the Facebook Marketplace platform. According to Bloomberg, Meta is consequently testing eBay listings right on its Marketplace platform. This could appease the regulators, which would be good for Meta. But it's a huge development for eBay.For its part, eBay is one of the biggest and most profitable e-commerce businesses in the world. But the platform has undeniably stagnated in recent years. Key performance metrics bear this out. In the third quarter of 2024, it had 133 million active buyers, an increase of only 1% year over year. And its merchandise volume was up only 2%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool