Facebook Inc. announced it’s rolling out a new dating feature, sending shares in matchmaking app company Match Group Inc. and its owner IAC/InterActiveCorp. plunging. According to story at Bloomberg.com, the feature would help connect people who aren’t Facebook friends and be for “building real, long-term relationships -- not just for hookups,” CEO Mark Zuckerberg revealed during a presentation at the company’s F8 developer conference. Match, which owns apps like Tinder and OkCupid, fell as much as 21 percent, the most in more than two years, while IAC fell as much as 14 percent. Read the story at Bloomberg.com
Current Issue - April 2024