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Ina Fried May 1
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Facebook's move into online dating spooks rival stocks

facebook hq
Facebook HQ. Photo: Facebook

Shares of Match Group fell more than 18% on Tuesday after Facebook announced it plans to expand into online dating.

Why it matters: Facebook already has a gigantic user base and knows a ton about people so it comes at this with some natural advantages. That said, it's doing so at a time where people's trust in the service has been shaken.