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Fintech Focus For May 6, 2021
Wednesday, May 5, 2021 - 5:11pm | 1583Quote To Start The Day: “Creativity is knowing how to hide your sources.” Source: C.E.M. Joad One Big Thing In Fintech: CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it will not reopen its physical trading pits that were closed last...
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Why JPMorgan Is Falling For Match Group, Despite Stock's Recent Weakness
Thursday, February 4, 2021 - 5:54pm | 422Match Group Inc (NASDAQ: MTCH), the online dating space, offers investors a secular growth story and shares should be bought by investors after the stock's weakness in 2019, according to J.P. Morgan. The Match Group Analyst: Cory Carpenter upgraded Match Group's stock rating from Neutral to...
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Dating App Bumble May Do IPO Near Valentine's Day
Sunday, December 20, 2020 - 3:20pm | 224Dating app company Bumble has filed to IPO in February, Bloomberg has reported. What Happened: The financial news site, citing people familiar with the matter, reported that the listing could take place around Valentine's Day, though final decision has been made on the timing. Why It Matters:...
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Why IAC, Match Investors Should Pay Attention To Lawsuit From Tinder's Founders
Thursday, September 17, 2020 - 12:00pm | 556Tinder co-founder Sean Rad and other early employees filed a lawsuit against IAC/Interactivecorp (NASDAQ: IAC)/ Match Group Inc (NASDAQ: MTCH) in 2018, and investors should be "paying closer attention" to the ongoing legal process, according to Susquehanna. The Analyst: Attorney...
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Dating App Bumble Seeks To Go Public Early Next Year At $6B-$8B Valuation: Report
Wednesday, September 2, 2020 - 2:54am | 288Dating app Bumble is planning for an initial public offering early next year, according to a Bloomberg report on Tuesday. What Happened: The Bloomberg report claimed that the startup is anticipating a valuation between $6 billion to $8 billion. A majority of the Bumble stake is held by...
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Fintech Focus Roundup For August 15, 2020
Sunday, August 16, 2020 - 10:52am | 1077American Express In Talks With Kabbage Over Acquisition What Is Happening? American Express is in talks with Kabbage, an online fintech lender backed by Softbank, over an $850 million acquisition. What Does It Mean? "From the customer’s standpoint, this is likely to lead to better fees...
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Match Group CFO On Video Dating: 'The Next Best Thing'
Wednesday, August 5, 2020 - 5:22pm | 376It may seem counterintuitive, but Tinder's parent company Match Group Inc (NASDAQ: MTCH) experienced growing user engagement in its second quarter — and this trend is here to stay for at least the near-term, according to a top Match exec. People Still Want To Meet Others: The...
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Apps Like Pinterest, Twitter, Netflix See Surge In Downloads During Coronavirus
Thursday, July 2, 2020 - 2:41pm | 504With few entertainment options during the coronavirus pandemic, locked-down mobile users around the globe turned to app stores. Global Google Play downloads spiked 35% year-over-year and 18% sequentially in the second quarter, with net in-app revenue rising 18% and 5%, respectively. Downloads of...
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Study: More Harassment Seen In LGBT Online Dating
Monday, May 18, 2020 - 4:00pm | 270While social distancing directives make it all the more challenging to establish romantic connections, online dating apps like Match Group Inc's (NASDAQ: MTCH) Tinder and Facebook, Inc. (NASDAQ: FB) are helping power romance globally during the coronavirus pandemic. Pew Research Center recently...
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9 Countries Using Online Dating The Most
Thursday, January 30, 2020 - 5:45pm | 981Online dating is powering romance globally. Whether you prefer meeting your significant other through online dating or in person, it's hard to ignore the ways desktop and mobile dating technology has changed how we meet future romantic partners. Dating App Traffic Spikes Data from dating...
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UBS Swipes Left On Match, Finds Valuation Unattractive
Friday, January 17, 2020 - 4:43pm | 376Shares of Match Group Inc (NASDAQ: MTCH) have outperformed the broader S&P 500 index by more than 20% over the past months and investors which is reason enough to move to the sidelines, according to UBS. The Analyst Eric Sheridan downgraded Match Group's stock rating from Buy to Neutral...
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The Street Sees Match-IAC Split As Win-Win
Friday, December 20, 2019 - 1:28pm | 497Match Group Inc (NASDAQ: MTCH) shares jumped 8.4% on Thursday after the company announced a deal to split from its parent company IAC/InterActiveCorp (NASDAQ: IAC). The separation deal has been approved by the boards of both companies. It will be tax free and is expected to be completed in the...
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Analyst: Snap, Twitter Off To Strong Starts In Q4
Tuesday, November 5, 2019 - 12:45pm | 560Most investors have to wait until the end of a quarter to get feedback on how a company performed during the quarter. However, internet stock investors can get some helpful hints about usage and download trends along the way. Social Media And Video On Tuesday, Nomura Instinet analyst Mark Kelley...
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Analysts: Match Spinoff Should Be Good For IAC
Tuesday, October 15, 2019 - 1:05pm | 492Sell-side analysts like the prospects for IAC/InterActiveCorp (NASDAQ: IAC) if it sheds subsidiary Match Group Inc. (NASDAQ: MTCH). IAC said Friday it is proposing to spin off its interest in Match, which owns several online dating sites, including Match.com and Tinder, to IAC shareholders....
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IAC Files Proposal To Separate From Match Group
Friday, October 11, 2019 - 9:47am | 305IAC/InterActive Corp (NASDAQ: IAC) said Friday it has made a preliminary proposal to the special committee of directors formed by Match Group Inc (NASDAQ: MTCH) for a full separation of the companies. The proposed separation deal would result in two independent public companies...