(Reuters) – such as a classic flame wrecking a very first date, Twitter Inc burst in from the matchmaking scene on Tuesday and sent investors in competing apps for a panicked rush for the door.
Stocks of Match Group Inc as well as its moms and dad IAC plunged, wiping some $5 billion off their combined market values, after Twitter leader Mark Zuckerberg stated his social networking platform would develop its dating that is own app competing Tinder, Match as well as others.
Read moreMarketplace swipes left on Match, Tinder as Twitter swipes close to dating