$MTCH owns OKcupid, tinder, and plentyoffish.com. All of these dating services have proven themselves over time.
Facebook says they want the dating app to be used to find serious relationships. Not for hookups. If that is the case and the users stick to that. Then Facebook is only competing against one of the companies that MTCH owns.
Also, if you look at the stocks past and earnings that have been doing very well since their inception. I know this isn't an indication of future success outright, but I think it shows that they have what is needed to succeed. They already have tremendously.
Also, I think a 22% drop is crazy when Facebook hasn't even released their service yet. We don't even have a release date yet. (that I can find at least). For all we know, this won't even be released for another year. Even then it may be in beta for awhile. A 22% drop is massive considering it is based a lot on speculation.
Submitted May 01, 2018 at 07:13PM by kingdomart https://ift.tt/2HJTrw8
