Match Group (NASDAQ: MTCH) investors lost ground to a falling market this week as shares declined 12% through Thursday trading compared to a 3% slump in the S&P 500, according to data provided by S&P Global Market Intelligence. The drop wasn't powered by specific operating news; rather, investors continued to sour on companies like Match, which are reporting slowing growth and operating losses. Match joined many peers, including Bumble, in falling during this rough trading week.
Online dating specialist Match Group (NASDAQ: MTCH) has had a rough go of it over the past year. Following a pandemic-related boom, the tech company's revenue growth has slowed. When also considering market-wide problems such as inflation and company-specific issues (more on that later), it's not surprising that Match Group stock now finds itself near its 52-week low as of this writing.
(Bloomberg) -- To defend itself against the federal government, Meta Platforms Inc. says it needs its rivals to divulge some of their most closely held secrets.Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniPutin Threatens New Military Strikes on Ukraine InfrastructurePatagonia Billionaire Who Gave Up Company Skirts $700 Million Tax HitThere’s an Unusual Thing Happening in the Housing MarketPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionFacebook’