Two years ago I predicted that Match Group stock would prove recession-resistant. Recent quarterly results confirm that thesis. The company’s Q2 revenue grew double digits from as people spent more time and money on dating apps. Although I wouldn’t be a buyer right now, I plan to hold my Match Group stock indefinitely. With the world contending with a global pandemic and economic pullback, my assertion that dating apps would prove recession-resistant has been put to the test. From my article :. As I have discussed previously, history shows that demand for online dating is fairly inelastic. Indeed, Match. So far that thesis has proved true.
Internet dating stocks
By Natalie Walters. Match Group is taking its more than 45 dating brands — including Match. Match shares fell 0. Match Group, which has about 1, employees, started as Match. Four years later, it was acquired by IAC and went public in
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Everyone knows what Tinder is nowadays. This dating app lets users make a selection by swiping left or right. When two people both to find the other interesting then this is a match and you can get in touch with each other. The fact that everyone knows Tinder is quite special for a dating app. It indicates how popular Tinder is.
You can take advantage of this popularity by investing in Tinder. The company behind the app, Match Group , has been listed on the stock exchange since the end of However, it is also possible to invest in Tinder CFDs. In the following article we tell you more about your options for investing in Tinder. The company behind Tinder is Match Group Inc.
They are also the owner and creator of OkCupid and Match. By investing in this company you are thus focussing yourself on the online dating market. Tinder is the largest part of the company and will therefore also exert the most influence on the value of the stock.
Will add more if lower. Just tasting the water,. It seems that the 1hr chart for MTCH is following a classic elliot wave principle. MTCH trend analysis. Break out from its week high and consolidated above break out point. Potential rally if it stays above its mini consolidation.
We are living in an era where many people are turning to digital dating services in hope of finding their perfect match or making new friends. The apps generate profit from charging the users a subscription fee for services or a membership fee. Additionally, they make money from advertising and non-dating revenue. The future looks bright for the online dating giant which is focusing on the localization of the products overseas and promoting its other brands.
At the recent earnings call, the company said going into , there has been growth in areas apart from Tinder, with other apps like Hinge and OkCupid becoming more popular across Japan and Europe. This is expected to be finalized early this year. MyWallSt operates a full disclosure policy.
3 Reasons Investors Should Swipe Right On Match Group Stock
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Tinder has a stickier paid ecosystem. Match established a first mover’s advantage in online dating apps over the past decade. Tinder, which was.
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All rights reserved. Charles St, Baltimore, MD According to Eric Fry, a handful of little-known stocks are on the verge of a sudden and powerful turnaround. Join us Sept.
This watch list looks at the new intersection of love and technology, acknowledging that meeting “the one” can come after swiping right on Tinder and that date.
More markets insights, more alerts, more ways to customize assets watchlists only on the App. By Christiana Sciaudone Investing. He definitely has his work cut out for him. There’s been volatility s. Investors are expecting to see more sales growth when the online dating specialist announces its next earnings update.
The online dating leader rose as it delivered solid results in the face of the global crisis. As bar closures drag on, house-arrested singles say even subpar suitors are starting to look extremely tempting. Not long ago, if you Match Group Inc. Wednesday morning and added four new members to its Board of Directors including actor The companies announced. Apple Inc. They’re not disclosing any more information, but say they’re both.
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Investing in Tinder
Hundreds of millions of singles have used our brands’ dating products to create meaningful connections. Match pioneered the concept of online dating over 20 years ago, then reinvented the category by launching Tinder. Our diverse portfolio of apps and products enables connections across the spectrum of age, gender, and dating goals. For IR related inquiries: IR match. For PR inquiries: publicrelations match. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.
Latest News about dating app. Tinder tests new social features, including prompts and a ‘Share to Matches’ option. February 13, TICKERS APPS.
Match Group, Inc. In , the company had 9. The company was incorporated on February 12, as a subsidiary of IAC. On November 19, , the company became a public company via an initial public offering. In February , Match Group acquired dating app Hinge. In August , the company acquired Harmonica, an Egyptian online dating service. In January , Mandy Ginsberg stepped down as chief executive officer due to personal reasons.
In July , the company completed the separation from IAC. Ryan Reynolds and Wendi Murdoch joined the board of directors. In , the company was sued by the U. Federal Trade Commission for allegations of unfair and deceptive trade practices.
Online Dating Is Exploding: Can Match Group Live Up to Its Lofty Expectations?
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