Business

Facebook launches dating service in United States, spurring 2% share surge

Reuters

Facebook Inc. is launching its dating services in the United States, the social network said on Thursday, sending its shares up 2 percent.

The company said users will be able to integrate their Instagram account with Facebook dating profile and add Instagram followers to their Secret Crush lists, a feature that allows users to explore potential romantic relationships within their friend circle.

The service would be optional for Facebook users, the company said, adding that dating activity of users will not appear on their profile or news feed. Users can take a call on who gets to see their dating profile, Facebook said.

Shares of Tinder owner Match Group were down nearly 6 percent on the news, while Match’s parent group IAC was down more than 3 percent.

Facebook expects to launch the dating service in Europe by early 2020, in addition to the 20 countries where it is presently available.

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