MARKETWATCH – Match Group shares dropped 7.5% after appointing Spencer Rascoff as CEO, replacing Bernard Kim, amid ongoing concerns about growth. Rascoff, a board member linked to activist investor Elliott Management, emphasized execution and accountability, even committing to a $2M stock purchase. Despite exceeding Q4 revenue expectations, Tinder’s revenue fell 3.4%, with declining paying users. Activist investors, including Starboard Value, have pressured Match to improve Tinder’s performance or consider going private.
by Denny Jacob
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