There are some chances but in this space, there could be room for more than just one app or site. For an example, the car industry even after 100 years is seeing many different manufactures out there and they are all doing good business in the market. It’s not like that Tesla joins the market then all other car manufactures will go out of business.
However, Facebook’s dating feature will eat a significant amount of Tinder’s market shares, and that is reflected in their share price. Tinder’s share price has been dropped by 20% and in the upcoming days they may decline further.
Facebook is a hub of meeting new people and most of dating apps use Facebook data to match users on the basis of their interests on Facebook, so it is a big opportunity for them to capitalize on this dating game.