Match Group, IAC slide as Facebook announces move into dating - InvestingChannel

Match Group, IAC slide as Facebook announces move into dating

Shares of Match Group (MTCH), the owner of Tinder, and IAC (IAC) are both sliding after Facebook (FB) announced plans to launch a new dating feature. During his keynote address to start the F8 conference, Facebook CEO Mark Zuckerberg announced that the company will be rolling out a new dating feature for non-friends. Following the announcement, Match shares have fallen 9% to $42.70 while IAC shares are down nearly 6% to $152.69.