In a $1 Billion Stake in Tinder’s Owner Match, WSJ, Activist Investor Elliott Is Investing $1 Billion

According to people familiar with the situation, Elliott also intends to pressure Match to take action to raise its ailing stock price, as reported by the Journal.

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A request for comment from Reuters was not immediately answered by Elliott.

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Due to economic uncertainty, American consumers are hesitant to spend money on luxuries like dating app memberships.

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In October of last year, Match released a fourth-quarter revenue prediction that fell short of market expectations.

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A month later, Bumble (BMBL.O), a smaller competitor, released a similar view.

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After a 12% decline in its stock price in 2023, the corporation is today valued at roughly $10.30 billion.

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