E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more. Founded out of Los Angeles in 2021, Caramel formally launched last year with some $19 million in funding behind it, from…
Category: eBay
Commerce, eBay, Europe, Facebook, Global Security News, Government & Policy, Meta
Facebook Marketplace to display eBay listings to appease EU regulators
Meta is set to start displaying eBay listings in its own Facebook Marketplace classifieds platform, in an effort to appease European regulators. Back in November, Meta was hit with a €798 million fine by the European Commission (EC) in Europe for breaching antitrust rules. The EC contended that Meta created “unfair trading conditions” by connecting…