A dating service could increase the time people spend on Facebook and be a “big problem” for competitors such as Match Group Inc, said James Cordwell, an analyst at Atlantic Equities.
Match, the owner of popular mobile dating app Tinder and Ok Cupid, calls itself the “global leader in dating” on its website.
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“There are 200 million people on Facebook that list themselves as single, so clearly there’s something to do here,” Zuckerberg told software developers at Facebook’s annual F8 conference.
Facebook shares rose 1.1 percent to close at 3.86 on the news, which sparked a sell-off of established online dating service providers.
Our members are often fulfilled with family, work, and finances, but are looking for something more in their lives: partners, friends, companionship.
Everybody needs company, no matter what their age is.
IAC, Match Group’s parent company, dropped more than 17 percent.