Friday, November 10, 2017
SA article: "Match Group: Time To Sell"
Perhaps Tinder steals paid members from Match, OkCupid and PlentyOfFish, cannibalizing it!
The Match Group is only a collection of old and obsolete online dating sites: Match, Meetic, Chemistry, OkCupid, LoveScout24 (FriendScout24), OurTime, HowAboutWe, PlentyOfFish and many more and all of them are past their primes, reached operating ceiling and they are in decadence.
Also Match Group big debt, in the range of USD 1.2 Billion!
The Match Group overpaid for PlentyOfFish last July 2015 (It was insane, USD 575 Million for PlentyOfFish that past its prime 3 years ago).
The Match Group had been doing all wrong, acquiring rotten companies to show illusory success to its investors.
Also Badoo and Bumble in big war with Tinder.
When Match Group (fka IAC Personals) bought OKCupid (6+ years ago) for an astronomical amount of money, the OKCupid team had the task to copycat Badoo, but they failed in that mission.
IAC / Match Group "acquired" HatchLabs to "develop" Tinder copycat of Badoo.
Then Badoo backed Bumble to fight back and destroy Tinder (last December 2014).
Match Group (MTCH) Reports Q3 2017 Results
Match Group Q2 2017, Revenue flat, ARPU flat, Match in decadence
USA PlentyOfFish (POF) "Online dating scammers threaten to ruin reputations, lives"