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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.
Benzinga Market Summary: Quantum Stocks Slide On NVIDIA CEO Huang's Comments On Sector, Goldman Upgrades Spotify, US Dollar Index Rises