Why Meet Group Stock Popped 20% Today -- Then Dropped
Shares of socializing and dating website The Meet Group (NASDAQ: MEET) spiked early Thursday, rising as much as 20.6% before reversing course, declining, and closing the day, still up -- but up only 7%.
Why? Ask Bloomberg.
On Thursday the business news site reported that dating app giant Match Group (NASDAQ: MTCH) has approached Meet Group to discuss buying out the latter.
Source Fool.com
