THE WORLD DOMINATOR OF ONLINE DATING
Today, we take a look at the recent breakout in shares of the largest publicly traded online-dating company...
Match Group (MTCH) owns several of the most popular dating brands, including Match, OkCupid, and Tinder.
With nearly 60 million active users – and 5 million paid members – the $4 billion company is the undisputed leader in online dating.
Though online dating was practically unheard of 20 years ago, around 1 in 3 marriages in the U.S. come from online dating today.
With the rapid growth in popularity of smartphones – research group Pew Research Center says that more than 200 million Americans own one – online dating is more popular than ever.
As you can see in the chart below, Match is taking advantage of that growing trend. Though shares fell after going public in November, they've gained all of that back – and more.
Match stock is up 60% over the last five months alone. It's a bull market in online dating...
Source: Daily Wealth