Match (MTCH) and Bumble (BMBL) have lost more than $40B in market value since 2021 as they struggle to grow their $4.2B in 2023 subscription revenue and young users opt not to pay, The New York Times’ J. Edward Moreno reports.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MTCH:
- Match Group put volume heavy and directionally bearish
- Bumble price target lowered to $15 from $20 at BTIG
- Tinder rolling out ID checks over coming months, Bloomberg reports
- Elliott Management bought BioMarin and Etsy during Q4, exited Arm
- Early notable gainers among liquid option names on February 12th
