Yahoo Finance Live anchors discuss fourth-quarter earnings for Match.
Shares of online-dating platform company Match Group (NASDAQ: MTCH) dropped like a rock on Wednesday after the company reported that its final quarter of 2022 was a dud. As of 12:30 p.m. ET, Match Group stock was down 9.3%, but it had been down as much as 10% earlier in the trading session. Match Group stock was the second-worst performer in the S&P 500 in 2022.
(Bloomberg) -- Match Group Inc. will reduce its global workforce 8% after the dating-app company provided first-quarter revenue guidance that fell short of analysts’ estimates and looks to cut costs.Most Read from Bloomberg8,000 Layoffs Don’t Exactly Scream Family ValuesNational Archives Releases Records Tied to Trump Classified DocumentsAdani Stock Crash at $92 Billion as Collateral Worries GrowIntel Slashing CEO, Managers’ Pay in a Bid to Preserve CashPorsche Blunder Puts $148,000 Sportscar on