Match Group

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Match Group, Inc
Public
Traded as NASDAQMTCH
Russell 1000 Component
Industry Internet
Headquarters Dallas, Texas
Key people
Amanda Ginsberg, CEO
Gregory Swidler, CFO
Revenue Increase US$1.3 billion (2017)
Increase US$360.5 million (2017)
Increase US$350.0 million (2017)
Total assets Increase US$2.1 billion (2017)
Website mtch.com

Match Group, Inc. is an American Internet company that owns and operates several online dating web sites including OkCupid, PlentyOfFish, Tinder, and Match.com. Match Group is headquartered in Dallas, Texas.[1]

History[edit]

Match Group went public on November 19, 2015, and trades on NASDAQ with the ticker symbol MTCH.[2] The company's controlling shareholder is IAC/InterActiveCorp, its former parent. As of March 31, 2018, IAC's economic ownership interest and voting interest in Match Group were 80.9% and 97.6%, respectively.[3]

Match Group reported $1.3 billion in revenue for the year 2017 and has a 12.2 billion market cap.[4]

In January 2018, Amanda Ginsberg replaced Greg Blatt as the CEO of Match Group.[5] She previously served other leadership roles within the company, including acting as the CEO Match North America. Greg Blatt also lost his position as CEO of Tinder, taking on the role of Executive Chairman of Tinder.

In August 2018, some of the original founders and executives of Tinder filed a $2 billion lawsuit against Match Group. The group allege that Match manipulated data to deflate a valuation and stripped people of stock options, and that the former CEO, Greg Blatt, engaged in sexual harassment. The Match Group said in a statement that the allegations are "meritless".[6]

References[edit]

  1. ^ "Match Group, Inc. (MTCH) IPO". NASDAQ. Retrieved 7 April 2016. 
  2. ^ Plaugic, Lizzie. "Tinder parent company Match Group is now public". The Verge. Retrieved 26 December 2015. 
  3. ^ Match Group FORM 10-Q dated May 10, 2018
  4. ^ Au-Yeung, Angel. "The Russian Billionaire Cupid Behind The Biggest Dating App In The World". Forbes. Retrieved 9 May 2018. 
  5. ^ "Match Group Names Mandy Ginsberg to Succeed Greg Blatt as CEO". Match Group. Retrieved 17 September 2018. 
  6. ^ Ha, Anthony (2018-08-14). "Tinder founders sue parent companies Match and IAC for at least $2B". TechCrunch. Retrieved 2018-08-15. 

External links[edit]