Facebook Wants To Be Your Dating Wingman(woman)

www.bloomberg.com

Facebook announced it’s rolling out a new dating feature, sending shares in Match (owner of Tinder, Okcupid, and match.com) plunging. Facebook hopes that the feature would help connect people who aren’t Facebook friends and be for “building real, long-term relationships - not just for hookups. This news heavily impacted Match (falling 22 percent in a single day), while IAC fell 19 percent, the most since 2001. 

Companies mentioned (performance in YTD): FB (0%), IAC (+8%), MTCH (+11%)

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