Is Match Group a Reopening Stock?
Seeing as Match Group (NASDAQ: MTCH) owns a portfolio of dating apps, one might think the tech company took a bit of a hit during the recent global pandemic. While its digital-only products were not shut down at any point because of temporary governmental restrictions on social gatherings, there were still many people who were unable or unwilling to meet potential dates in person.
As a result, the company actually saw a slowdown in spending among its various dating products in 2020. But it's expected that this slowdown will reverse in the coming years if the dating market comes back in full force post-COVID-19.
So, does this mean Match Group is a potentially great "reopening stock" play? Let's take a look.
Source Fool.com
