Match Isn't Worried About Facebook, Settles With TanTan

BLOOMBERG - May 8 - Match Group shrugged off the threat of competition in online dating from Facebook, raising its revenue and profit forecasts and saying it doubts the social media giant will have much of an impact on its business. "People don't want to mix Facebook and their dating lives," said CEO Mandy Ginsberg. Match also settled a patent dispute with Chinese dating app TanTan which Match claimed had copied its app design. TanTan will re-design its U.S. app and pay Match annual royalty payments.

by Gerrit De Vynck
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Summarized by the IDEA team