Facebook plans to start testing a dating app later this year, and that raises questions, why would anyone give more data to Facebook right now? Dating is personal, and Facebook is under scrutiny for how it treats users' personal data. Now, this dating app would require people to set up separate profiles. Casey Newton of The Verge describes the app like this:
Your friends won't be able to see your dating profile, for example. Your dating profile isn't going to have your last name on it. But it will have some information about your interests, what you're looking for.
So I understand the stock for Match Group - and they own Tinder, OkCupid, Match.com and PlentyOfFish. They actually saw their stocks go down when this announcement came out. But here was the reaction from Joey Levin. He is the CEO of the company that owns a majority stake in Match. He said, quote, "come on in. The water's warm. Their product could be great for U.S.-Russia relationships" - so a little dig there over the Cambridge Analytica scandal.