Where Will Match Group Be in 5 Years?
Last year, the pandemic disrupted life in a big way, forcing business closures and social distancing measures. That certainly had a financial impact on consumers' lives, but there were social repercussions as well. For instance, dating became much more difficult.
However, according to The Wall Street Journal, the largest U.S. dating apps saw a 12.6% increase in monthly active users in the final quarter of 2020. That trend bodes well for Match Group (NASDAQ: MTCH), the largest player in the online dating space. But where will this tech company be in five years?
Match Group owns an extensive portfolio of dating products, all designed to help consumers find meaningful connections, whether that means casual dating or a serious relationship. While dating is the common theme, each of its apps is targeted at a slightly different population.
Source Fool.com
