Facebook's enterprise collaboration platform, Workplace, was aimed at challenging Slack, but Slack's daily active users (DAUs) still jumped 50% from four million to six million between Oct. Second, the average age of Facebook users is rising.
e Marketer reports that Facebook is gaining lots of older users in the US, while users below 35 are flocking to alternative platforms like Instagram and Snap's Snapchat.
The system blocks a Facebook user's existing friends from viewing his or her dating profile, and excludes existing friends from dating suggestions.
Users can choose to "unlock" their dating profiles for events or groups which they've joined.
Tinder generated about 30% of Match's total revenues last year, while roughly 90% of Tinder's revenue comes from paid subscribers.
Therefore, a popular free alternative to Tinder could cause Match's growth to grind to a halt. The social media empire might even eventually tether its dating features to Instagram and Messenger, which have a combined user base of over two billion MAUs.Wall Street expects Match's revenue and earnings to rise 20% and 86%, respectively, this year.That's a high growth rate for a stock that trades at 29 times this year's earnings and 23 times next year's earnings.Facebook targets users who are listed as "single" with this new feature, but it won't ban users with other relationship statuses from signing up.Speaking at F8, CEO Mark Zuckerberg stated that the new dating feature was aimed at "building real, long-term relationships," and wasn't "just for hookups" -- in a clear dig at Tinder.Tinder accounted for over three million of those paid subscribers, which is just a sliver of its 50 million registered members.Facebook would also likely make its dating service free, which could put a big dent in Match's freemium business model.However, the data and documentation contained within are not to be redistributed or made available from any other location than without the express written permission of -- which owns Tinder, Ok Cupid, and other dating platforms -- tumbled more than 25% after the announcement, indicating that investors believe Facebook has a shot at rendering its dating apps obsolete.Investors are twitchy, so they tend to overreact to any negative headlines about a stock.I'm not saying that Match won't face headwinds as new competitors emerge, but I think the Facebook-related sell-off was a huge overreaction.