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))
Related Articles
[Crypto IPO] Figure Technology Follows Circle and Bullish with Nasdaq Listing Plans
On August 18, U.S.-based blockchain lending firm Figure Technology Solutions Inc. publicly announced it has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), signaling its intent to go public on the Nasdaq Global Market under the ticker symbol FIGR.
Japan July CPI Preview: With Inflation Cooling, Will the Yen Still Rise?
TradingKey - Japan is set to release July inflation data on 22 August 2025. Market consensus predicts that the national Consumer Price Index (CPI) excluding fresh food will see its year-on-year increase slow from 3.3% in June to 3%. While forecasts for headline CPI and CPI excluding food and...
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.
