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Facebook is taking on online dating with a new feature, entering a market currently dominated by Match Group.
Match Group already has a network effect with millions of paying subscribers unlikely to migrate to another service.
Canada, Vancouver, Edmonton Toronto, Ontario, Montreal, Quebec, Vancouver, BC, Calgary, Alberta, Edmonton, Alberta, Ottawa, Quebec City, Hamilton, Ontario, Winnipeg, Manitoba, Kitchener, Ontario, Halifax, Nova Scotia, Victoria, BC, British Columbia.
Europe, Germany, UK, United Kingdom, England, Ireland, Scotland, London, Dublin.
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And part of that is thanks to Tinder.” The online dating services industry is now moving sharply toward mobile, the same way gaming or social media evolved over the last few years.
The sell-off of Match Group shares seems exaggerated and is creating a good entry point for investors.
We see this development as a great reason to add to our existing positions in both FB and MTCH.
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Ibis World refers to dating services as a $3 billion industry in 2017, which indicates that Match Group is the top dog of the industry with about 43% market share with its portfolio of leading products: Tinder, Match, Plenty of Fish, OK Cupid and more.