Dating service stocks
The oilfield services sector has underperformed in 2019 despite an 18% rise in crude oil prices and an ~10% rise in broader markets YTD.
Tinder is launching a web based version of its popular mobile dating service called Tinder Online. Now you can toggle between spreadsheets and Super Likes in a flash. However, the only exception is that users can now see the profile of their match as they chat.
With Tinder Online, you can swipe anywhere in the world you have an internet connection.”To use the dating service, users will have to login through their Facebook ( Free Report) accounts.
Tinder also added that given that Facebook too has restricted access in some parts of the world, it is also testing ability to login through SMS directly from phones.
Reduced exploration and production activity means lower demand for oilfield services.
The company has been trying to deal with its image issues and has been working on making the service more socially adequate.
A few months back, it launched a service for Apple TV.
In addition, Facebook also recently admitted that “malicious actors” were able to use search tools to discover the identities and collect information on most of its two billion users worldwide.“We’re flattered that Facebook is coming into our space – and sees the global opportunity that we do – as Tinder continues to skyrocket,” Match Group CEO Mandy Ginsberg said in a statement to Tech Crunch.
“We’re surprised at the timing given the amount of personal and sensitive data that comes with this territory. S./Russia relationships.”And while Bumble is another competitor that may be affected by Facebook’s entry into dating services, the company says it’s “thrilled” about the news.“Our executive team has already reached out to Facebook to explore ways to collaborate,” a Bumble spokesperson said in a statement.
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