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Dating apps debate the impact of Facebook’s transfer to their turf

Dating apps debate the impact of Facebook’s transfer to their turf

Dating apps debate the impact of Facebook’s transfer to their turf

After Twitter announced its entry in to the dating industry, some current relationship apps welcomed the tech giant — at least officially. Bumble stated it ended up being “thrilled” and might “explore methods to collaborate. ” Joey Levin, leader at Match Group’s moms and dad business IAC, said, “The water’s warm. ”

Works out, it could be a tad too hot. Facebook’s entry into any space — just ask Snapchat — can spell doom for people currently in the industry. Every month, introducing a dating component stirs the question of how smaller apps, and even Tinder with its 50 million users, can survive with 2.2 billion people using Facebook’s main service. The move additionally introduces other dilemmas, considering the fact that numerous apps that are dating relied on Facebook with their marketing methods.

Match’s stock dropped nearly 10 % within the wake of Facebook’s news.

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