Facebook Reveals New Dating Feature, Sends Dallas-based Match Group's Stock Spiraling

Facebook Inc. announced Tuesday it's rolling out a new dating feature, a move that immediately sent shares of Dallas-based matchmaking app company Match Group Inc. and its owner IAC/InterActiveCorp. plunging.The feature would help connect people who aren't Facebook friends and be for "building real, long-term relationships -- not just for hookups," Chief Executive Officer Mark Zuckerberg said during a presentation at the company's F8 developer conference. Match, which owns apps like Tinder and OkCupid, fell as much as 22 percent, the most in more than two years, while IAC fell as much as 14 percent.  Continue reading...

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