Here's why eBay (EBAY) stock is soaring

Shares of eBay (NASDAQ: EBAY) surged nearly 10% on January 8, closing at a 52-week high of $69.40. The rally followed an announcement by Meta Platforms (NASDAQ: META) allowing eBay listings to appear on Facebook Marketplace.The new integration, initially rolling out in the U.S., France, and Germany, lets users browse eBay listings on Facebook Marketplace and complete transactions on eBay’s platform. This collaboration is seen as a significant step for both companies, offering Meta a way to address regulator ...