INVESTORPLACE - May 8 - IAC stock plunged 18% after Facebook announced it was entering the dating space. MTCH stock fell 22%. It's certainly possible that the decline could be an overreaction. But even after Tuesday's declines, neither stock is cheap. Facebook obviously has troubles of its own, which as Match and IAC executives pointed out, could make users less likely to give that platform more data. But the Facebook threat seems very real. It won't necessarily ruin Match's business. But it does have the ability to have some impact on growth in both Match and Tinder.
by Vince Martin
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