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The system blocks a Facebook user's existing friends from viewing his or her dating profile, and excludes existing friends from dating suggestions.

Users can choose to "unlock" their dating profiles for events or groups which they've joined.

That's a high growth rate for a stock that trades at 29 times this year's earnings and 23 times next year's earnings.

Facebook's entrance into the dating market represents a new threat to Match, but I think investors overreacted to the news, for two reasons.

-- which owns Tinder, Okcupid, and other dating platforms -- tumbled more than 25% after the announcement, indicating that investors believe that Facebook has a shot at rendering its dating apps obsolete." data-reactid="11" -- which owns Tinder, Okcupid, and other dating platforms -- tumbled more than 25% after the announcement, indicating that investors believe that Facebook has a shot at rendering its dating apps obsolete.