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Posted by / 07-Nov-2020 06:35

Match's stock rally increased the value of IAC's stake by about 7.8 million.IAC shares have run up 43% year to date, while Match's stock had more than doubled (up 116%) and the S&P 500 has gained 15%.However, social media marketing and rise in number of millennial population have created multiple opportunities in the segment.

The research provides an in-depth analysis of top investment pockets, major segments, evolving market trends, market size & forecasts, and competitive landscape.IAC/Interactive Corp is Match's largest shareholder, with the latest Form 4 filing with the Securities and Exchange Commission showing IAC owning 16,187,302 Match shares, or about 23% of the common stock outstanding.Meanwhile, Match's stock rocketed 25% toward a record high, as strength in the online-dating company's Tinder business helped subscriber numbers, profit and revenue beat expectations.Download Sample Report: Huge portion of adult population accounting to single or unmarried demographic segments, lucrative options facilitated by online dating services, higher rate of subscriptions and growing inclination for customers toward non-monogamous relationship have fueled the growth of the global online dating services market.On the other hand, fraudulent accounts have given rise to apprehension among customers which, in turn, have restricted the growth to some extent.

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The rating change comes after the company's better-than-expected earnings report, which included strong Tinder subscriber growth and an upbeat outlook.

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  1. They consider themselves to be providers, heads of the family, leaders in their relationships. I met plenty that I respected, that I thought were not just good human beings but also good men.