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Under EU antitrust regulations, Meta has proposed a solution: to display eBay product information, resulting in a nearly 10% surge in the latter'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.
Onus Remains on EBay to Convert Facebook Marketplace Users to Buyes, Says UBS
Top Gap Ups and Downs on Wednesday: EBAY, SOUN, STLA and More
U.S. stock market close: the three major indexes varied in performance; Huang Renxun's remarks caused a collapse in the Quantum Computing Sector.
① The Nasdaq China Golden Dragon Index fell by 0.67%, with most China Concept Stocks declining; ② Wildfires ravaged California, and Electrical Utilities provider Edison International fell by 10%; ③ Jensen Huang stated that a "very useful" quantum computer may take several decades to arrive; ④ Intel: will continue to focus on the independent graphics card market.
Wells Fargo Sees Incremental $1.6B to EBay 2025 GMV From Facebook Marketplace
Fed Meeting Minutes Leave Equities Mixed
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S&P 500 Positive for 'First Five Days,' Huang Sees Decades till Quantum | Wall Street Today
12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
US Equities Markets End Mixed Wednesday as Investors Weigh Macro Data, Remarks by Fed Governor
Sector Update: Tech Stocks Retreat Late Afternoon