Tuesday, 5 November 2019
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.
from Firstpost https://ift.tt/2NQ0U1c
Subscribe to:
Post Comments
(
Atom
)
No comments :
Post a Comment