REUTERS - May 2 - Shares of Match Group and its parent IAC plunged, wiping some $5B off their combined market values, after Facebook CEO Mark Zuckerberg said Facebook would enter the online dating world. Match fell 22% and IAC fell ~18% in its biggest daily loss in about 13 years. Spark Networks, owner of Jdate and Christian Mingle, also closed 4% lower. Although analysts said Facebook's initial foray would not likely be a threat to established dating sites.
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Summarized by the IDEA team
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