YAHOO NEWS - May 4 - Some pundits say Facebook is positioned to do well in dating, in part because of its massive user base of 2.2B MAU. Indeed, since Facebook announced on Tuesday it was getting into the dating space, Tinder's parent company Match Group has seen its stock drop ~21% to $36 per share. However, despite that, Tinder CEO Elie Seidman says he's not particularly concerned, because Facebook CEO Mark Zuckerberg made it clear that Facebook's dating service is aimed at singles seeking long-term, "meaningful" relationships and not just hook-ups, or "casual dating" - an area Tinder users also flock to the app for.
by JP Mangalindan
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Summarized by the IDEA team
