Facebook Inc. (FB) - Get Facebook, Inc. Class A Report and eBay Inc. (EBAY) - Get eBay Inc. Report announced a partnership that will bring daily deals to the Marketplace section on Facebook's mobile app.
The deals can be browsed for on Facebook's app, but check out takes place on eBay's site.
Facebook Marketplace was launched last year as a way for Facebook to compete with Craigslist. The eBay deal addition to Marketplace upgrades the app from just a peer to peer transaction resource.
Facebook shares were up 0.12% to $170.95 in afternoon trading Tuesday, while eBay shares were slightly higher.
Watch More with TheStreet:
- The Younger Generations Are Willing to Pay for Online News
- Jim Rogers Says the 'Worst Crisis in his Lifetime' is Coming
- How EY's Kerrie MacPherson Uses Decades of Experience to Help a New Generation of Women Win
- 5 Brands Cashing In On The Solar Eclipse