Facebook to Unveil Dating Feature

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(Reuters) – Facebook Inc will add features around dating and building long-term relationships on its social platform, Chief Executive Officer Mark Zuckerberg said on Tuesday at the company’s developers conference.

SAN JOSE, CA – MAY 01: Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. Facebook CEO Mark Zuckerberg delivered the opening keynote to the FB Developer conference that runs through May 2. (Photo by Justin Sullivan/Getty Images)

Shares of Match Group Inc, the owner of popular dating app Tinder, plunged 18 percent after the news.

IAC, Match Group’s parent company, dropped about 12 percent.