May 9, 2018

Match Group isn't worried about Facebook

Photo: Mat Hayward/Getty Images for Billboard

Match Group's chief executive said during a Wednesday earnings call that Facebook had pledged not to change its key relationships with the company as the social network becomes a competitor.

Why it matters: Facebook's announcement of a dating product caused Match Group's stock to drop over worries about the new entrant and Match's historic reliance on Facebook's services.

What they're saying: The earnings call was dominated by questions about whether Facebook could take advantage of its links to Match Group while competing with them.

  • Tinder allows users to log in through Facebook's authentication tool, although Match Group said this week that most new users are taking advantage of a process that lets people log in without Facebook. Match Group services also advertise on Facebook.
  • "We have been in conversations since the announcement at the executive levels and they've certainly indicated to us that they don't plan to change either the [authentication] or the advertising relationship," said Match Group CEO Mandy Ginsberg.
  • She said the social giant has “indicated that they are not going to use information about our users that they've received through the authentication relationship or the advertising relationship, and any targeting that they do would be based on the information that's available for everyone."

The questions come as Match Group announced that the first quarter of 2018 was its best since going public in 2015.

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George Floyd protests: What you need to know

Photo: David Dee Delgado/Getty Images

Clashes erupted between police and protesters in several major U.S. cities Saturday night as demonstrations over the death of George Floyd and other police-related killings of black men spread across the country.

The big picture: Floyd's death in Minneapolis police custody is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.

Updated 50 mins ago - Politics & Policy

U.S. cities crack down on protesters

Demonstrators gather at Lafayette Park across from the White House to protest the death of George Floyd in Washington, D.C. Photo: Yasin Ozturk/Anadolu Agency via Getty Images

Major U.S. cities have implemented curfews and called on National Guard to mobilize as thousands of demonstrators gather across the nation to continue protesting the death of George Floyd.

The state of play: Hundreds have already been arrested as tensions continue to rise between protesters and local governments. Protesters are setting police cars on fire as freeways remain blocked and windows are shattered, per the Washington Post. Law enforcement officials are using tear gas and rubber bullets to try to disperse crowds and send protesters home.

Trump to invite Russia and other non-member G7 countries to summit

President Trump at Cape Canaveral, Florida, on Saturday. Photo: Saul Martinez/Getty Images

President Trump told reporters on Saturday evening he would postpone the G7 summit to September and expand the meeting to more nations that are not members of the Group of 7.

Details: Trump said he would invite Russia, South Korea, Australia and India to the summit, according to a pool report. "I don’t feel that as a G7 it properly represents what’s going on in the world. It’s a very outdated group of countries," he said.