MTCH Stock Recent News

Match Group Inc (NASDAQ: MTCH) surged nearly 10% on Tuesday following the news of Starboard Value acquiring a 6.6% stake in the dating app giant. The move by Starboard, known for its aggressive shareholder activism, has ignited speculation about Match Group's future, particularly around the possibility of a strategic sale if turnaround efforts falter.

Starboard is in ongoing talks with Match Group and its board regarding ways to boost its profitability and cut costs, the activist fund's boss Jeff Smith said in a letter.

Shares of the dating site company Match Group (NASDAQ: MTCH ) stock jumped 7% overnight after activist investor Starboard Value announced it has a 6.5% stake. Starboard wants Match to sell itself and go private if it can't quickly innovate and increase margins.

Shares of Match Group (MTCH) jumped in premarket trading Tuesday on the news that activist hedge fund Starboard Value has taken a significant stake in the online dating giant and is already pushing for changes.

Jeff Smith's Starboard Value has a more than 6.5% stake in Match Group and is pushing the company to focus on product innovation and margin improvement. Starboard has been in talks with management, but said if a turnaround can't be executed under CEO Bernard Kim, the company should look to go private.

Activist investor Starboard has a position in Tinder owner Match of more than 6.5% and is pushing for a possible sale if a turnaround isn't successful, the Wall Street Journal reported on Monday, citing people familiar with the matter.

LOS ANGELES , July 11, 2024 /PRNewswire/ -- Chispa, the leading dating app made for Latino singles, is thrilled to announce its partnership with Sorry Papi for an electrifying summer college tour spanning across 8 cities. The tour kicks off in Salt Lake City, UT and will visit Louisville, KY; Cincinnati, OH; Champaign, IL; Minneapolis, MN; Dallas, TX; Anaheim, CA; and Sacramento, CA.

DALLAS , July 10, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) will webcast a conference call to review its second quarter 2024 financial results on Wednesday, July 31, 2024, at 8:30 a.m. Eastern Time (ET).

Truist Securities Managing Director Bill Chappell says Ozempic and the other weight loss drugs are no match for unhealthy snack foods and Krispy Kreme. He says we all still "like our sweets.

The once-buoyant realm of augmented and virtual reality (AR/VR) is up against serious challenges as it aims to secure a foothold in the mainstream market. The lack of content and steep prices continue to impact broader adoption, prompting savvy investors to consider offloading virtual reality stocks to sell.