The shares of eBay Inc. popped over 5% in the premarket on Wednesday after news that the firm would be collaborating with Meta Platforms Inc.
Meta revealed earlier that it plans to carry out a test in the United States, France, and Germany that would allow users to have a look at eBay listings on Facebook Marketplace. After browsing the offerings, they would be able to go to eBay and finalize transactions. The news comes as the tech giant attempts to adhere to the European Union trade rules.
eBay's stock surged 5.15% at 8:01 am ET, going for $66.42 apiece.