Facebook is ready to enter the dating game, Chief Executive Mark Zuckerberg said on Tuesday, planning a dating service to matchmaking millions of people on the world's largest online social network. 

This app would allow coming of younger users for proper dating. Zuckerberg told that there are 200 million people on Facebook that list themselves as single, so clearly initiated software developers at Facebook's annual F8 conference.

There is a hike in increment of share price 1.1% to close at $173.86 on the announcement news. which sparked a sell-off online dating service provider. Zuckerberg said Facebook was building the dating service with an emphasis on privacy. It commenced big question on user data handling.

A dating service could increase the time people spend on Facebook and be a "big problem" for competitors such as Match Group Inc, said James Cordwell, an analyst at Atlantic Equities. Match, the owner of popular mobile dating app Tinder and OkCupid, calls itself the "global leader in dating" on its website.A prototype displayed on screens at the F8 conference showed a heart shape at the top-right corner of the Facebook app. Pressing on it will take people to their dating profile if they have set one up.

Zuckerberg also said on Tuesday that Facebook was building a "clear history" privacy control to delete browsing history, similar to the option of clearing cookies in a browser.

Also Read

Quarterly company statement of Facebook depicts different story

Facebook launches a new feature in India, blood donation will now become easier

Data scandal row: Facebook CEO warns users, investors of more data leaks