eBay stock hits 52-week high after partnership with Meta Platforms, positive for stock.

From Nasdaq: 2025-01-09 08:14:00

eBay Inc. (EBAY) stock surged 9.86% to $71.52 per share, hitting a 52-week peak. This increase followed Meta Platforms’ (META) announcement to showcase eBay listings on Facebook Marketplace. The move aims to address competition issues and boost eBay’s stagnant business, which struggled with minimal user growth and modest sales volume.

META plans to pilot featuring eBay listings on Facebook Marketplace in Germany, France, and the United States. The collaboration seeks to enhance eBay’s visibility and reach, leveraging Facebook’s extensive user base. Despite the stock price surge, investors should approach cautiously as the partnership is still in the testing phase and may not yield immediate results.

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Read more at Nasdaq: eBay Touches 52-Week High: Should You Buy the Stock Now or Wait?