BUZZ-EBay eyes biggest gain in 7 years as listings to show on Facebook Marketplace in Meta test

Updates stock activity to market open

Shares of eBay EBAY.O gap up early Weds, and on course for biggest one-day pct gain since Feb 1, 2018, as Meta Platforms META.O to test showing the e-commerce firm's listings on Facebook Marketplace

EBAY shares last up 12.1% at $70.84 to highest levels since Nov 2021, and top performers in S&P 500 index .SPX

Meta said on Weds it would launch a test in Germany, France and the U.S. that will enable buyers to browse eBay listings and then complete their transactions on eBay

It said eBay sellers will gain exposure to Facebook's audience while people using Marketplace will have access to broader array of listings from the eBay community

With move on the session, EBAY shares up ~15% to start 2025. Stock closed at $42.84 a year ago

Shares of META down 0.6% at $614.26 on Weds

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))