Starboard's 6.6% stake sends Match Group stock up 10%: Strategic moves expected?
Match Group Inc (NASDAQ: MTCH) surged nearly 10% on Tuesday following the news of Starboard Value acquiring a 6.6% stake in the dating app giant. The move by Starboard, known for its aggressive shareholder activism, has ignited speculation about Match Group's future, particularly around the possibility of a strategic sale if turnaround efforts falter.
Tinder parent Match Group faces activist campaign from Starboard: ‘Lack of innovation'
Starboard is in ongoing talks with Match Group and its board regarding ways to boost its profitability and cut costs, the activist fund's boss Jeff Smith said in a letter.
MTCH Stock Alert: Activist Starboard Value Is Betting Big on Match Group
Shares of the dating site company Match Group (NASDAQ: MTCH ) stock jumped 7% overnight after activist investor Starboard Value announced it has a 6.5% stake. Starboard wants Match to sell itself and go private if it can't quickly innovate and increase margins.
Match Group Surges as Starboard Value Buys Stake in Online Dating Giant
Shares of Match Group (MTCH) jumped in premarket trading Tuesday on the news that activist hedge fund Starboard Value has taken a significant stake in the online dating giant and is already pushing for changes.
Activist investor Starboard says it's acquired 6.5% stake in Match Group
Jeff Smith's Starboard Value has a more than 6.5% stake in Match Group and is pushing the company to focus on product innovation and margin improvement. Starboard has been in talks with management, but said if a turnaround can't be executed under CEO Bernard Kim, the company should look to go private.
Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports
Activist investor Starboard has a position in Tinder owner Match of more than 6.5% and is pushing for a possible sale if a turnaround isn't successful, the Wall Street Journal reported on Monday, citing people familiar with the matter.
3 Sorry Virtual Reality Stocks to Sell Now While You Still Can: Summer Edition
The once-buoyant realm of augmented and virtual reality (AR/VR) is up against serious challenges as it aims to secure a foothold in the mainstream market. The lack of content and steep prices continue to impact broader adoption, prompting savvy investors to consider offloading virtual reality stocks to sell.
Match Group (MTCH) Up 5.4% Since Last Earnings Report: Can It Continue?
Match Group (MTCH) reported earnings 30 days ago. What's next for the stock?
3 Sorry Metaverse Stocks to Sell in May While You Still Can
The metaverse is still a work in progress. After Facebook decided to change its company name to Meta Platforms (NASDAQ: META ) back in 2021, many investors thought the metaverse would be the next big thing for entertainment and online interactions.
