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annual conference on Wednesday that the biggest social media site on the planet would launch a dating feature later this year.
“Today, we are announcing a new set of features, coming soon, around dating,” he said.
Shares of Match Group which owns Tinder and Ok Cupid, were down 9.6% Tuesday following Facebook’s announcement.
Several major online dating platforms—including Tinder, Hinge, and Bumble—use Facebook’s platform to connect profiles to dating profiles, using photos and first names in the app.
“If they’ve already been using Facebook and feel comfortable with the format, this will be an easy transition for someone reentering the dating market.” This is an increasingly lucrative market.
Online dating is growing in popularity for people in their 50s and older, according to the Pew Research Center.
It could also be an incentive for Facebook users: The company has so much data that it may be better at making matches.
“Facebook’s pivot into the online dating industry is a logical move,” Reynolds said.
But Facebook faces the same unenviable task as every other dating site.
“For instance, I use my Facebook profile primarily to build my professional visibility. Consumers may be put off Facebook extending its ecosystem into yet another part of people’s social lives, in the same way Amazon has done with e-commerce.
I am in groups dedicated to professors, media practitioners, and LGBTQ activists. Still, Zuckerberg apologized for the privacy violations and said the company would review all third party apps accessing data on the site.
Feeling lost and alone Their friendship became platonic and Axelle thought she had found the love of her life.
On March 2012, Oga Claude came to visit her in Cameroon.