Shares of Match Group — the parent company of dating platforms like Tinder, and OKCupid — plunged as much as 19% on Tuesday afternoon following the news.Shares of IAC/Inter Active Corp, the majority owner of Match, also fell 11%.“It validates our anti-swipe, pro-dating movement, which we’ll continue to lead through exciting innovations that connect our members for outstanding first dates.
We’ve designed this with privacy and safety in mind from the beginning,” Zuckerberg said during a keynote speech. The dating feature is set to roll out later this year.
Bumble and Match Group have been engaged in a very public legal battle in recent weeks. Their product could be great for US/Russia relationships,” read a statement from IAC CEO Joey Levin.