Back dating stock
said it would launch its own online dating product.As Facebook is the dominant player in social media with more than 2 billion monthly active investors, Match investors were understandably worried that Facebook could pose a direct threat to it.Match Group is stronger than it's getting credit for. I write about consumer goods, the big picture, and whatever else piques my interest.Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market.
It focuses in the operation of hydrocarbon basins located in Middle East and North Africa region.
Its total paid subscribers grew 24% annually to just seven million last quarter.
Tinder accounted for over three million of those paid subscribers, which is just a sliver of its 50 million registered members.
If Facebook's plans pan out, it could leverage its 2.2 billion monthly active users (MAUs) to render smaller dating apps or sites obsolete.
Match's numbers are tiny compared to Facebook's massive social presence.
Facebook has poached users from rival sites by copying ideas before, most notably when it launched Stories for Instagram, luring away Snapchat users.