Meta is to start displaying eBay listings in its own Facebook Marketplace platform, in an effort to appease European regulators.

Meta's decision to showcase eBay listings on Facebook Marketplace is far from an admission of guilt. "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," Meta stated in its announcement.

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, the parent company of Facebook and Instagram, announced a series of significant changes this week, signaling a shift in its approach to both e-commerce and content moderation.

EBay stock jumped on news that Meta will show listings from eBay on Facebook Marketplace in the U.S., Germany and France.

Shares in the e-commerce company surged after Meta Platforms said it would let some users browse eBay listings on Facebook Marketplace. EBay shares were up over 12% in morning trading, on track for their biggest one-day gain in almost seven years,

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.

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.