The Menlo Park, California-based firm said Wednesday it will launch a test in Germany, France and the US that will enable “buyers to browse listings from eBay directly on Facebook Marketplace while completing their transaction on eBay.”

Meta said on Wednesday it would launch a test in Germany, France and the United States that will enable buyers to browse listings from eBay on Facebook Marketplace and then complete their transactions on eBay.

The social media company said it's launching a test that will let Facebook users in Germany, France, and the U.S. browse eBay listings directly on its Marketplace service but will still have to complete the transaction on eBay.

Shares of eBay are up more than 8% at the opening bell on the NYSE. The move comes as a remedy response to the European Commission's decision from mid-November last year when it ruled that the social media giant's classified ads offering was hindering competition for online rivals.

Meta has announced plans to launch a pilot project in Germany, France, and the US. This will enable users to browse eBay listings on Facebook Marketplace, with transactions being completed on eBay's platform.

Shares of e-commerce company eBay Inc (NASDAQ:EBAY) are trading higher on Wednesday after Meta Platforms Inc. (NASDAQ:META) said it is rolling out a new test that will integrate listings from eBay directly on Facebook Marketplace.

Analyst Ken Gawrelski from Wells Fargo maintained a Hold rating on eBay (EBAY – Research Report) and keeping the price target at $62.00.Stay

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