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Category: Match Group

Match Group’s Profit Up 41% As Tinder Heats Up

Posted on July 28, 2016

Match group jan 16WSJ – July 26 – Match Group Q2 profit was $46.6M (up 41% YOY), boosted by more online daters signing up for premium paid services. Revenue increased 21% to $301M, from $248.8M a year ago. "Tinder was a massive contributor to the quarter," Match Group CFO Gary Swidler said. Tinder added ~200k paying subscribers in the quarter.

by Georgia Wells
See full article at WSJ

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Why IAC Keeps A Foot In The Door Of Match Group

Posted on July 20, 2016

Iac logoTHE MOTLEY FOOL – July 19 – Match Group's spin-off from IAC was unconventional. In this tech podcast, Motley Fool analysts Dylan Lewis and Sarah Priestley explain the context around IAC's spinoff of Match Group and why the move wasn't just a company tying its debt to a bad business and throwing it all away.

See full article at The Motley Fool

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Match Group Reevaluating User Base

Posted on July 15, 2016

Match group jan 16SEEKING ALPHA – Jul 14 – Tinder plans to make the app more transgender friendly. The app will expand the user selection from male/female to include a comprehensive list that would be more in line with the transgender community's requirements. Tinder also announced recently that it will close its operations for the under 18 age group. Tinder expects the change to impact less than 3% of its user base. The company believes that the change in the policy is needed for it to be more responsible to the community. Its stock is currently trading at $15.76 with a market capitalization of $3.78B.

by Sramana Mitra
See full article at Seeking Alpha

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Match Group CFO Of Dating To Resign

Posted on July 15, 2016

Match group jeffrey dawsonSTREET INSIDER – July 14 – After more than eight years of service to Match Group, Mr. Jeffrey Dawson informed the Company that he is resigning from his position as Chief Financial Officer, Dating, in order to accept a position with another company. Mr. Dawson will remain with the Company through mid-August to assist with transition.

The full article was originally published at Street Insider, but is no longer available.

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Sam Yagan Takes The Helm At ShopRunner

Posted on July 13, 2016

Sam yagan1CHICAGO TRIBUNE – Jul 12 – Yagan stepped down from running Match Group in December 2015 and joined the company's board as vice chairman. He replaces Scott Thompson, who for four years was CEO of ShopRunner. The company is headquartered near Philadelphia in Conshohocken, Penn., and has offices in San Mateo, Calif. They plan open a Chicago office, Yagan said. ShopRunner gives members free two-day shipping, free returns and special deals at partner shopping sites including Lord and Taylor and Drugstore.com. Annual memberships cost $79, while some American Express customers receive complimentary memberships.

by Amina Elahi
See full article at The Chicago Tribune

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Match Group Hires Jared Sine As General Counsel & Secretary

Posted on July 8, 2016

Match group jared sinePRNEWSWIRE – July 7 – Sine joins Match Group from Expedia, Inc., where he served as Vice President, Associate General Counsel, overseeing all legal aspects of Expedia's mergers, acquisitions, joint ventures and other strategic initiatives, as well as all post-acquisition legal and integration matters. Sine will lead the Match Group legal team working out of the Dallas office.

See full article at PRNewswire

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Matt David Joins Match Group To Lead Global Public Affairs

Posted on June 16, 2016

Match group matt davidPRNEWSWIRE – June 15 – Match Group hires senior political and media strategist Matt David as VP, Public Affairs. David's responsibilities will include media relations, corporate communications, policy initiatives, and marketing and PR strategy. David comes to Match Group from Outside Eyes where he was managing partner focused on public affairs and corporate positioning.

See full article at PRNewswire

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IAC CEO Levin Sees Huge Opportunities In Online Dating

Posted on June 16, 2016

BLOOMBERG – June 16 – Joey Levin, IAC's chief executive officer and Vimeo's interim chief executive officer, discusses the growth potential for online dating sites.

by Emily Chang
See full article at Bloomberg

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Sam Yagan Sells 200K Shares Of Match Group

Posted on June 8, 2016

Match group website screenshotTHE MARKET DIGEST – June 8 – The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $13.24 per share for a total value of $2,648,000.00, the company said in a SEC Form 4 Filing.

by Bill Collins
The full article was originally published at The Market Digest, but is no longer available.

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This post also appears on InternetDatingInvestments.

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Tinder Owner Launches Photoshop-free Flirting App Fresh

Posted on June 2, 2016

Fresh screenshotO GLOBO – June 2 – Match Group has launched the new dating app, available for iOS and Android, simultaneously in France and Brasil. Fresh only allows profile selfies without any filters or alterations that must be renewed at least once in 24 hours.

by Mariana Alvim
See full article at O Globo

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