By Thursday evening, the company had still not recovered, with a share price of .27 US just after markets closed.
"There are 200 million people on Facebook who list themselves as single.
Facebook CEO Mark Zuckerberg announced his plans to introduce a dating feature during a speech at the company's annual F8 developers conference in San Jose, Calif., on Tuesday.
(Stephen Lam/Reuters)As Facebook continues to face questions about its ability to protect the privacy of users' data in the wake of the Cambridge Analytica scandal, some may wonder about the timing of its announcement that it will soon launch a dating service — which arguably would contain people's most personal information.
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"By comparison, the Match Group, the industry's largest player, has closer to seven million paid users."Facebook's larger user base could allow it to receive higher advertising revenue, keeping the service free for users, which could serve to increase adoption of this platform over established dating apps."Match Group operates several dating services, including Match, Plenty Of Fish, and Tinder.