|Bid||90.05 x 800|
|Ask||91.11 x 800|
|Day's Range||90.23 - 92.36|
|52 Week Range||47.57 - 95.32|
|Beta (5Y Monthly)||0.29|
|PE Ratio (TTM)||52.09|
|Earnings Date||Feb 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 02, 2018|
|1y Target Est||86.35|
Meanwhile, other long-term fundamental drivers remain supportive of Match, including a widening moat around Tinder, efficiency in managing marketing dollars across multiple brands, and successful product launches. Looking forward, the research firm wrote it is "likely" Tinder can continue outperforming expectations in terms of subscriber and revenue growth. Also, the research firm is estimating that Match Group's portfolio of dating sites and apps can grow subscribers at an 11% compounded annual growth rate through 2024.
Progress Software (PRGS) fourth-quarter 2019 results benefit from continued strength in OpenEdge, Ipswitch and Data Connectivity and Integration revenues, driven by multiple deal wins.
Match Group (NASDAQ: MTCH) will audiocast a conference call to review its fourth quarter 2019 financial results on Wednesday, February 5, 2020 at 8:30 a.m. Eastern Time (ET). After the close of market trading on Tuesday, February 4, Match Group will publish its fourth quarter results along with a supplemental investor presentation, which may include certain forward-looking information, at https://ir.mtch.com.
Match Group (NASDAQ: MTCH) made clear its ongoing commitment to protecting users' privacy and data today in response to a Norwegian Consumer Council (NCC) report that looked at advertising and user data practices of top mobile apps. While the report mentions Match Group products OkCupid and Tinder in a discussion of mobile apps that share data with third party ad tech firms, no Match Group products were named in companion complaints filed by NCC with the Norwegian Data Protection Authority.
Many popular apps including those related to dating, makeup, kids entertainment, religion and menstruation tracking are sharing personal user data with third-parties in violation of the European Union's ...
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Grindr is sharing detailed personal data with thousands of advertising partners, allowing them to receive information about users’ location, age, gender and sexual orientation, a Norwegian consumer group said.The service -- described as the world’s largest social networking app for gay, bi, trans, and queer people -- gave user data to third parties involved in advertising and profiling, according to a report by the Norwegian Consumer Council that was released Tuesday. Twitter Inc. ad subsidiary MoPub was used as a mediator for the data sharing and passed personal data to third parties, the report said.“Every time you open an app like Grindr, advertisement networks get your GPS location, device identifiers and even the fact that you use a gay dating app,” said Austrian privacy activist Max Schrems. “This is an insane violation of users’ EU privacy rights.”The consumer group and Schrems’s privacy organization have filed three complaints against Grindr and five adtech companies to the Norwegian Data Protection Authority for breaching European data protection regulations. Schrems’s group Noyb will file similar complaints with the Austrian DPA in the coming weeks, according to the statement.Match Group Inc.’s popular dating apps OkCupid and Tinder LLC share data with each other and other brands owned by the company, the research found. OkCupid gave information pertaining to customers’ sexuality, drug use and political views, to the analytics company Braze Inc., the organization said.In a statement, Grindr said “while we reject a number of the report’s assumptions and conclusions, we welcome the opportunity to be a small part in a larger conversation about how we can collectively evolve the practices of mobile publishers and continue to provide users with access to an option of a free platform.”A spokeswoman for Match Group said OkCupid uses Braze to manage communications to its users, but that it only shared “the specific information deemed necessary” and “in line with the applicable laws including GDPR and CCPA.” Braze also said it didn’t sell personal data, nor share it between customers. Twitter is investigating the issue to “understand the sufficiency of Grindr’s consent mechanism” and has disabled the company’s MoPub account, a representative said.European consumer group BEUC urged national regulators to “immediately” investigate online advertising companies over possible violations of the bloc’s data protection rules, following the Norwegian report. It’s also written to European Commission executive vice-president Margrethe Vestager to take action.“The report provides compelling evidence about how these so-called ad-tech companies collect vast amounts of personal data from people using mobile devices, which advertising companies and marketeers then use to target consumers,” BEUC said in an emailed statement. This happens “without a valid legal base and without consumers knowing it.”The European Union’s data protection law, GDPR, came into force in 2018 setting rules for what websites can do with user data. It mandates that companies must get unambiguous consent to collect information from visitors. The most serious violations can lead to fines of as much as 4% of a company’s global annual sales.Where Tech Giants Are Getting Slapped Over Privacy: QuickTakeIt’s part of a broader push across Europe to crack down on companies that fail to protect customer data. In January last year, Alphabet Inc.’s Google received a fine of 50 million euros ($56 million) from France’s privacy regulator following a complaint by Schrems over the company’s privacy policies. Prior to GDPR, the French watchdog levied maximum fines of 150,000 euros.The U.K. threatened Marriott International Inc. with a 99 million-pound ($128 million) fine in July following a hack of its reservation database, just days after the U.K.’s Information Commissioner’s Office proposed handing a 183.4 million-pound penalty to British Airways in the wake of a data breach.Schrems has for years taken on large tech companies’ use of personal information, including filing lawsuits challenging the legal mechanisms Facebook Inc. and thousands of other companies use to move that data across borders.He’s become even more active since GDPR kicked in, filing privacy complaints against companies including Amazon.com Inc. and Netflix Inc., accusing them of breaching the bloc’s strict data protection rules. The complaints are also a test for national data protection authorities, who are obliged to examine them.In addition to the European complaints, a coalition of nine U.S. consumer groups urged the U.S. Federal Trade Commission and the attorneys general of California, Texas and Oregon to open investigations.“All of these apps are available to users in the U.S. and many of the companies involved are headquartered in the U.S.,” groups including the Center for Digital Democracy and the Electronic Privacy Information Center said in a letter to the FTC. They asked the agency to look into whether the apps have upheld their privacy commitments.(Updates with FTC complaint from U.S. consumer groups in last two paragraphs)\--With assistance from Stephanie Bodoni and Ben Brody.To contact the reporters on this story: Sarah Syed in London at email@example.com;Natalia Drozdiak in Brussels at firstname.lastname@example.org;Nate Lanxon in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
WILMINGTON, DE / ACCESSWIRE / January 14, 2020 / Andrews & Springer LLC , a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities ...
Moody's Investors Service ("Moody's") has assigned to Buzz Merger Sub Ltd. (d/b/a "MagicLab" or the "company") a B1 Corporate Family Rating (CFR) and B1-PD Probability of Default Rating (PDR). In connection with this rating action, Moody's assigned a B1 rating to MagicLab's proposed senior secured credit facilities, consisting of a $50 million revolving credit facility and $500 million term loan B. The rating outlook is stable. Net proceeds from the debt raise plus a $2.45 billion equity contribution from The Blackstone Group ("Blackstone"), co-investors and management (rollover equity) will be used to finance the $3 billion acquisition of MagicLab.
(Bloomberg) -- Barry Diller’s IAC/InterActive Corp. plans to sell CH Media, the parent of CollegeHumor and other digital brands, to the unit’s chief creative officer, in a move that will cause most employees to lose their jobs.Terms of the sale to longtime CH Media executive Sam Reich were not disclosed in a statement Wednesday. IAC will keep a minority stake in the business, according to a person familiar with the matter.As part of the deal, the unit will restructure and lay off 100 employees in New York and Los Angeles, leaving the business with around five to 10 people, said the person, who asked to not be identified because the information is private.“IAC, our parent company, has made the difficult decision to no longer finance us,” Reich said in a statement provided to fans and Bloomberg. “While we were on the way to becoming profitable, we were nonetheless losing money -- and I myself have no money to be able to lose.”The once high-flying comedy brand, best known for its edgy sketches and satire, is the latest victim of a fast-changing digital media landscape. Sites that rely on video have struggled to get enough advertising revenue, and streaming services such as Netflix Inc. have pushed deeper into comedy in recent years.“Sam was the best choice to acquire CH Media and define its next chapter,” IAC said in a statement. “The decision places CH Media with an owner who is beloved by fans, passionate about the business and sees a future we believe in.”IAC has owned CollegeHumor since 2006, when it acquired a controlling stake in its parent company. Founded in 1999, CollegeHumor targets people aged 18 to 49 and has more than 15 million unique monthly visitors, according to its website. IAC acquired a controlling stake in its parent company in 2006.IAC had been looking to sell the unit since October, Bloomberg previously reported.CH Media owns Dropout, an ad-free streaming service for comedy videos featuring talent from CollegeHumor.IAC has been shifting its portfolio to focus on growth areas. It is pursuing a spinoff of one of its biggest moneymakers: Match Group Inc., which owns dating app Tinder. It agreed to buy caregiver marketplace Care.com last month for $500 million, including debt.IAC owns more than 150 brands and products, including the video-sharing platform Vimeo and the Daily Beast news website. Diller, a billionaire media mogul, is IAC’s chairman.To contact the reporters on this story: Ed Hammond in New York at email@example.com;Nabila Ahmed in New York at firstname.lastname@example.org;Liana Baker in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Matthew Monks, Nick TurnerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
To kick off 2020, dating app OkCupid (NASDAQ: MTCH) is introducing the bold new "Ask Yourself" ad campaign that encourages singles to define what matters most to them when it comes to relationships. The campaign is inspired by real daters' answers to OkCupid's famous in-app questions, of which there are more than 7 billion responses from OkCupid users around the world. Beginning in January, "Ask Yourself" will roll out across digital and social platforms, as well as out-of-home, in major cities around the world, starting with New York City.
Clinton, who joined IAC/InterActiveCorp’s board in 2011, has seen the value of her shares surge. The stock of the Internet-brands firm has trounced the S&P 500.
(Bloomberg) -- Hollywood actress Sharon Stone is back in the dating game after the Bumble matchmaking app reinstated the “Basic Instinct” star’s access that was suspended for hours following complaints from several users that her profile was fake.Bumble’s editorial director Clare O’Connor reached out to the celebrity on Twitter to notify that her account was unblocked, and signed off with the message- “hope you find your honey.”Stone, who shot to fame with movies such as Total Recall and Casino, took to Twitter to share that Bumble closed her account after users on the dating platform reported “it couldn’t possibly be” her using the matchmaking app.Stone’s travails highlight the push taken by Bumble and other matchmaking apps to weed out fake dating profiles. A Bumble representative said in a statement the users on the platform thought “it was too good to be true” once they noticed Stone’s profile wasn’t photo verified, which is one of the many ways to get connected on the app.“In light of our mix up with Sharon Stone, we’d like to extend an invitation for her to come to Austin and allow us to host her at the hive for a few hours of profile prep,” the company said in a statement.Dating apps have come under more scrutiny this year with the U.S. Federal Trade Commission suing Tinder owner Match Group Inc. for deceiving consumers by using messages from fraudulent accounts to encourage them to sign up for subscriptions.Bumble, which describes itself on Twitter as “bringing good people together,” would aim to keep the platform clean and reputable as its parent company draws in the big investors. Blackstone Group Inc. took a majority stake in Bumble’s holding company MagicLab in November, valuing it at about $3 billion.Together with Badoo and gay-dating app Chappy, Bumble was part of Rimberg International Corp. before they were placed under MagicLab, according to Forbes. Rimberg was weighing an initial public offering in the U.S. as part of its plan to become the world’s biggest dating business, founder Andrey Andreev told Bloomberg News in an interview last year.(An earlier version of this story was corrected to show MagicLab owns Bumble.)(Adds additional comment from Bumble starting in fourth paragraph.)To contact the reporter on this story: Niluksi Koswanage in Singapore at email@example.comTo contact the editors responsible for this story: Derek Wallbank at firstname.lastname@example.org, Jon HerskovitzFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
WILMINGTON, Del., Dec. 30, 2019 -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced that a.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Wedbush analysts expect IAC/InteractiveCorp. to "significantly improve" its balance sheet now that it has eliminated its debt after the spin off of Match Group Inc. The company's announced the separation last Thursday. Now analysts think IAC can build an M&A "war chest" of $8 billion to $9 billion, including $4 billion in debt and $1.7 billion in cash. IAC, which already announced a $500 million acquisition of Care.com, has a history of acquiring and then successfully spinning off companies including Expedia Group Inc. and Ticketmaster. Wedbush initiated IAC at outperform with a $295 price target and it initiated Match at neutral with an $80 price target. "Match has seen material growth in recent years, particularly at Tinder, but may start facing domestic market saturation, increased competition, and a legal battle with the increasingly emboldened FTC," analysts wrote. IAC stock is up 47.8% for the last year. Match shares have rallied 105%. And the S&P 500 index is up 33.3% for the period.
Match 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). Wells Fargo analyst Brian Fitzgerald said the terms of the deal are fair for both parties and Match should benefit from increased liquidity, strategic flexibility and index eligibility. “We view MTCH as a best-in-class operator and manager of a strategically attractive portfolio of dating assets constructed to serve a broad array of use cases and consumer lifestages,” Fitzgerald wrote in a note.
Match shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 89.
IAC/InterActive has finalized plans to distribute all of its Match Group shares to IAC shareholders on a tax-free basis.
A new study finds intimate information from users of dating apps was shared with third parties. Yahoo Finance's Julie Hyman, Adam Shapiro, Rick Newman, Dan Howley and Sylvia Jablonski - Direxion Managing Director, Capital Markets—Institutional ETF Strategist discuss.
IAC is set to spin off online dating company Match Group. Yahoo Finance's Zack Guzman and Kristin Myers discuss with Payne Capital Management Financial Advisor, Courtney Dominguez, on YFi PM.
IAC, which currently owns more than 80% of Match, has said it will separate from the company, which owns dating apps Tinder and OKCupid. Yahoo Finance’s Dan Roberts, Brian Cheung and Julia La Roche discuss on YFi AM.