Why eBay Stock Jumped to a 3-Year High Today

Shares of online marketplace eBay (EBAY 9.62%) jumped to three-year highs on Wednesday thanks to an unlikely collaboration. Meta Platforms (META -0.73%) is facing regulatory pressure in Europe. To make life easier, it's testing eBay ads on its Facebook Marketplace. At 11 a.m. ET, eBay stock was up 11% on the news.Is this the boost eBay needs?European regulators don't like the exclusivity of the Facebook Marketplace platform. According to Bloomberg, Meta is consequently testing eBay listings right on its Mar ...