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Adevinta wins auction to buy eBay's classified ads unit

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 září 2020
TikTok sends Dogecoin skyrocketing.

  • Norway’s Adevinta has won the auction to buy the bulk of eBay’s classified ads unit for nearly $9 billion
  • Price and trade volume of Dogecoin exploded following a get-rich-quick TikTok challenge that went viral, followed by a humorous tweet by Elon Musk
  • S&P 500 edged higher as investors rotated into cyclical stocks, optimistic that Washington will deliver a new round of stimulus

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Miguel A. Rodriguez
Miguel A. Rodriguez
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Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.