Dating service to
He said: "I have been quite surprised that Facebook would launch a dating service.
IAC, the parent company of Match Group, issued a barbed response to the news on Tuesday, riffing on Russian groups using Facebook to spread misinformation. Their product could be great for US/Russia relationships." Nonetheless, Match Group's stock cratered on Wednesday. It recently moved into subscriptions and, while it doesn't disclose revenue, is profitable.
Match Group responded by pointing to the continued growth of Tinder. Facebook has a history of developing new services for its enormously popular social network that mimic independent services, apps, and sites.
It also poked Facebook by calling attention to the controversy that has surrounded the company since March, when it was revealed that the social network had allowed a political consulting firm, Cambridge Analytica, to harvest the information of up to 87 million Facebook users.“We’re surprised at the timing given the amount of personal and sensitive data that comes with this territory,” Match Group’s chief executive, Mandy Ginsberg, said in a statement. Facebook’s entry will only be invigorating to all of us.”Joey Levin, the chief executive of IAC, also took a dig at Facebook by referring to how Russian agents had used the social network to influence voters in the 2016 presidential election.“Come on in. In 2010, the company introduced Facebook Places, a way for people to identify their physical location online that emulated a service built by the start-up Foursquare.
More than 200 million people on Facebook identify themselves as single, he said, and the new service will let these people connect with each other from within the company’s primary app.“This is for building real long-term relationships, not just hookups,” Mr.
Zuckerberg said, in an apparent jab at dating apps like Tinder that have a reputation for stoking casual romantic behavior.
Match Group owns big dating services such as OKCupid, Plenty Of Fish, and Tinder. Happn might be a private company, but it's possible that Facebook's move into the dating space could torpedo the competition. Asked why he thought Facebook didn't acquire a dating app — like Happn or Bumble — Rappaport pointed to Facebook's decreasing app usage.