Tinder-owner Match forecast hit by rising competition, shares down - News Daily

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    • Tuesday, November 5, 2019

    Home Firstpost Tinder-owner Match forecast hit by rising competition, shares down

    Tinder-owner Match forecast hit by rising competition, shares down

    (Reuters) - Tinder-owner Match Group Inc forecast fourth-quarter revenue below Wall Street estimates on Tuesday as it faces stiff competition from rival online dating services, sending its shares down about 15% in extended trading. Shares of parent IAC/InterActiveCorp also down about 11% after the bell. Match has been facing increasing competition from a host of rivals including Bumble and Facebook Inc's dating platform that recently launched in the U.S

    The post Tinder-owner Match forecast hit by rising competition, shares down appeared first on Firstpost.



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