FBStart will also be available to the selected startups under the aegis of the program and will provide access to technical support, ad credits and credits for tools and services from dozens of premier partners.
Investors cheered news of the deal and pushed Facebook shares up 1.8%, while several powerful Democratic lawmakers in Washington condemned the proposed penalty as inadequate.
Tinder is a popular dating mobile app where people looking for dates swipe left or right on the profiles of other users in order to indicate their romantic preferences.
Apart from presidential candidate Senator Kamala Harris, another Democratic candidate, Senator Elizabeth Warren had also stressed upon the possibility of breaking up Facebook.
Facebook F1 2019 has commenced and Mark Zuckerberg started off the annual developer conference with focus on privacy and touched upon other important changes.