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22-Oct-2019 10:39

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The move will likely transform Facebook, with its more than 2.2 billion monthly active users, into a major competitor of Match Group, which owns and operates mobile dating app Tinder and popular dating platform Ok Cupid.

Match Group’s stock plummeted by more than 17 percent as soon as the news was announced.

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“We’ve designed this with privacy and safety in mind from the beginning.” The dating service idea is something that Facebook has long considered but for some reason, it was kept on the backburners for years, until it saw some fruition on Tuesday, at least, in terms of intent. He said that if the company remained “focused on helping people build meaningful relationships, then this is perhaps the most meaningful of all.” This announcement is sure to have raised a few hackles in the ranks of existing dating sites like Tinder, Ok Cupid, e Harmony, JDate, and Match – companies that witnessed a sharp decline in their stock values following the announcement.Facebook CEO Mark Zuckerberg, who has, of late, been in the news for all the wrong reasons, is looking to put all that behind him, if his Tuesday keynote address at the company’s annual developers’ conference, F8, is anything to go by.