Shares of Match Group which owns Tinder and Ok Cupid, were down 9.6% Tuesday following Facebook’s announcement.Several major online dating platforms—including Tinder, Hinge, and Bumble—use Facebook’s platform to connect profiles to dating profiles, using photos and first names in the app.On the heels of the announcement, stock in Match Group — the company that owns Match, Tinder and other dating apps — dropped as much as 21 percent, while IAC, Match's parent company, dipped nearly 14 percent.(Facebook's stock took a hit in the immediate aftermath of the Cambridge scandal, but it has rebounded in recent weeks.)In a statement, IAC CEO Joey Levin struck a defiant tone and even took a shot at Facebook's troubles with Russian disinformation during the 2016 election."Come on in. But this feature is "not just for hookups," Zuckerberg said to laughs at the annual F8 developer conference on Tuesday. The embattled social media company, under fire in recent months over data privacy worries, plans to launch a new dating feature, CEO Mark Zuckerberg announced on Tuesday.Skittish singletons can then look the person up on Facebook, if they have mutual friends, and find out more about them.
The social media giant will announce a launch date for the feature later this year, Cox said.
You always have the choice to experience our sites without personalized advertising based on your web browsing activity by visiting the DAA’s Consumer Choice page, the NAI's website, and/or the EU online choices page, from each of your browsers or devices.
To avoid personalized advertising based on your mobile app activity, you can install the DAA’s App Choices app here.
annual conference on Wednesday that the biggest social media site on the planet would launch a dating feature later this year.
“Today, we are announcing a new set of features, coming soon, around dating,” he said.