Meta to Display eBay Listings on Facebook Marketplace

In response to a significant €798 million antitrust fine from the European Union, Meta has announced a pilot program allowing users in Germany, France, and the U.S. to browse eBay listings directly on Facebook Marketplace, while completing transactions on eBay's platform. This move aims to address EU concerns regarding Meta's previous practices of bundling its classified ads service with its social network, which was deemed anti-competitive. Despite this initiative, Meta continues to dispute the EU's ruling, asserting that the imposed changes undermine its business model. eBay's stock surged over 10% following the announcement, reflecting positive market sentiment about the collaboration. While the UK’s Competition and Markets Authority pursued a less stringent approach, the EU's ruling marked a stringent enforcement action against Meta's market practices. Meta is obligated to comply with the ruling within 90 days, despite its ongoing appeal.