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Barchart
Anushka Dutta

Match Group Is in the Middle of a Turnaround. Should You Swipe Right on MTCH Stock?

Match Group MTCH Tinder Hinge

Online dating platform operator Match Group (MTCH) is implementing a turnaround strategy to revitalize its operations, which have stagnated due to weak numbers on its flagship dating app, Tinder. Last year, Tinder’s payer count dropped by 7% annually. 

The company recently reported robust results for the second quarter, which led to MTCH stock rising more than 10% intraday. Should you consider investing in Match Group stock now?

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