Meta Platforms Inc. offered to publish listings from classified ads rival eBay Inc. on Facebook Marketplace in an effort to comply with a landmark European Union antitrust order that was accompanied by a €798 million ($822 million) fine. The Menlo Park ...
The social media giant will let some users browse eBay listings on its Facebook Marketplace platform after the EU ruled that the link between its classified-ads service and flagship social network undermined competition.
Meta is to start displaying eBay listings in its own Facebook Marketplace platform, in an effort to appease European regulators.
Meta says it will allow some Facebook users to view eBay listings on its Marketplace service. It's trying out a possible way to resolve European Union charges of anticompetitive behavior.
Meta has begun to work with eBay and the EU after being slammed with a massive €800 million fine for anti-competitive behaviours.
Meta is testing eBay listings on Facebook Marketplace in the US, Germany, and France. The company said in a post on Wednesday that it’s making the change to comply with last year’s antitrust order by the European Union, though it continues to appeal the decision.
The test, which is being launched to a small group in Germany, France, and the U.S. starting Wednesday, is an attempt to resolve charges by the European Union that the social media giant uses anticompetitive behavior.
The EU ordered Meta to stop tying its classified-ads service to Facebook's sprawling social media platform in November 2024.
While we disagree with and continue to appeal the European Commission’s decision on Facebook Marketplace, we are working quickly and constructively to build a solution which addresses the points raised.
Shares of the chip giant reversed course, falling as much as 5% after its CEO provided a slew of product and software updates. Job openings rose more than economists expected in November, but other signs of cooling in the labor market emerged.
Meta plans to integrate eBay's classifieds into Facebook Marketplace to comply with an EU ruling, despite filing an appeal against it.
Ebay's stock price rose nearly 10% on Wednesday — one of its largest single-day increases in years — increasing the company's market cap by about $3 billion to $33 billion. But the e-commerce company couldn't credit a stellar earnings report or new product release for the sudden investor appetite;