Facebook stock price (FB Stock Report) has grown at a breakneck pace. It is no longer just a social media company. The company has gone into any social media space in which it has seen growth.
Now it is into messaging through WhatsApp and Messenger. It has also managed to become the dominant force in the photo-sharing space with Instagram. However, Facebook is now about to enter the online dating industry. It has already announced that it is going to introduce the feature in the United States.
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Analysts believe that the launch of the new service could be another positive trigger for the Facebook stock price. The feature will allow Facebook to find matches according to shared interests. This includes events and hobbies among others. Additionally, Instagram will be integrated into the feature in order to enhance the experience.
Last but not least, it will also include a feature called ‘Secret Crush.’ This will allow people to add either their followers on Instagram or their Facebook friends to the list.
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The most important thing to point out in this regard is that Facebook has hundreds of millions of users in the United States. That will allow the company to instantly leverage its massive user base. No other online dating service can boast of having such a user base at the starting point. If it continues to grow then it might see migration from other services like Tinder.
That being said, the user privacy issues that Facebook has faced over the past couple of years might not make its users instantly open to using the dating service. Privacy is a big thing when it comes to online dating and the company would need to ensure that it is the top priority. That being said, eventually, it could prove to be a big positive for Facebook.
