BUSINESS INSIDER – Feb 5 – Match Group released its first ever earnings report on Tuesday and banks are feeling confident about Tinder's ability to make money. Deutsche Bank said that "Tinder is a real business." The stock market, however, wasn't so bullish on Match Group. The shares were down 16% on Thursday, which followed a 13% drop the day before. On its earning call, Match Group said that ~60% of Tinder users come from outside North America but did not disclose how many people pay for Tinder.
by James Cook
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Summarized by the Courtland Brooks team