The site is designed to help Chinese singles find marriage, while discouraging its members from pursuing short-term flings.
Today’s action might be a reflection of cold feet by the CEO, but it doesn’t mean it is not worth owning at some level.
The company seems sure to make money in an explosive growth industry.
Online dating has transformed the world of courtship.
According to You Gov, it accounted for one in five of all new relationships, while last year, online dating subscriptions were added to the Office for National Statistics’ basket of goods and services measuring the cost of living.
Investor Place - Stock Market News, Stock Advice & Trading Tips" data-reactid="14"There’s no question that FB is a leader in the global social media space. But the notion that it will suddenly move into dating and simultaneously destroy what Match has built in two decades does not make sense.