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Market
Will Match Group announce a new CEO by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available corporate announcements and financial news
Story
Activist Investor Starboard Acquires 6.5% Stake in Match Group; Shares Jump 11%
Jul 15, 2024, 11:24 PM
Match Group, the parent company of popular dating apps Tinder and Hinge, has attracted the attention of activist investor Starboard Value. The hedge fund has built a stake of more than 6.5% in the company and is pushing for a possible sale if a turnaround in growth, profitability, and spending is not achieved. Shares of Match Group surged by as much as 11% following the news. Additionally, Elliott Management is also involved, and Match shares jumped over 8% after hours.
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Similar markets
Yes • 50%
No • 50%
Increase by 20% or more • 25%
Increase by less than 20% • 25%
Decrease by less than 20% • 25%
Decrease by 20% or more • 25%
Significant changes implemented • 25%
No significant changes • 25%
Company sold • 25%
Other • 25%
Remains the leader • 25%
Falls to second place • 25%
Falls to third place • 25%
Falls below third place • 25%
Current CEO remains • 25%
Internal promotion • 25%
External hire • 25%
Other • 25%
CEO step down • 25%
CFO step down • 25%
COO step down • 25%
No change • 25%