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☆ Earnings playbook: Beware of these stocks reporting soon where analysts are slashing their earnings expectations
▼ + stars: | 2024-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

NRG has run up about 40% this year, and is sitting within 2% of the average price target from analysts. This is especially notable given that the average analyst target has risen nearly 75% over the past six months. Match Group also made the list, with the average analyst earnings per share estimate falling more than 16% over the last three months. The average analyst price target for Match has fallen by almost 18% over the past six months given that sell-off. But that average price target still implies upside of around 40%, per FactSet, which underscores the magnitude of its recent slide.

Persons: Gordon, Haskett's Don Bilson, Bilson, FactSet Organizations: CNBC Pro, NRG Energy, NRG Locations: Texas

☆ Match Group CEO says he has empathy for victims of romance scams but 'things happen in life'
▼ + stars: | 2024-04-29 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Romance scams typically targeting baby boomers and older generations are becoming increasingly popular on dating apps and websites, according to the Federal Trade Commission. Just last year, the FBI's Internet Crime Report estimated that Americans lost more than $650 million to romance scams. Bernard Kim, CEO of Match Group, spoke with CBS News on the growing threat of online romance scams carried out by people overseas. Match Group — which owns Match.com and Tinder — is the largest online dating company in the United States. Match Group did not immediately return a request for comment from Business Insider.

Persons: —, Bernard Kim, Kim, Grady Judd, Judd Organizations: Service, Federal Trade Commission, Business, FTC, Match, CBS News, CBS, Match Group Locations: United States, Polk County, Florida

☆ Stocks making the biggest moves premarket: EBay, Tesla, Taiwan Semiconductor, Alaska Air and more
▼ + stars: | 2024-04-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker fell 2.4% despite beating revenue and profit expectations in the first quarter. Blackstone — The asset manager slipped 2.2% after lowering its dividend to 83 cents per share from 94 cents per share. EBay — Shares of the e-commerce stock rose nearly 4% following a double upgrade at Morgan Stanley to overweight from underweight. Etsy — The e-commerce stock slumped nearly 5% following a downgrade by Morgan Stanley to underweight from equal weight. Match Group — Shares slipped nearly 2% after Morgan Stanley downgraded shares to equal weight from overweight.

Persons: D.R, Horton —, Horton, LSEG, Blackstone, Morgan Stanley, Etsy, Alex Harring, Sarah Min, Jesse Pound, Fred Imbert Organizations: Taiwan Semiconductor Manufacturing, Deutsche Bank, Alaska Air —, Revenue, Alcoa, EBay, Communications, Rosenblatt Securities Locations: Taiwan, LSEG

Analyst Laura Champine also lowered her price target to $80 from $85, implying a 6% increase for the stock. "New York City office is one of the few REIT subsectors seeing improved demand," the analyst wrote. The bank double-upgraded the e-commerce platform to overweight from underweight and hiked its price target to $62 from $35. Feather added that eBay stock is currently trading at a discount versus peers, with Etsy trading around 35% higher. "JetBlue's DNA aligns with our broader preference for loyalty, premium, and international exposure ... albeit with less vigor than the Big 3," the analyst wrote.

Persons: TD Cowen, Morgan Stanley, Needham, Laura Martin, Andy, Martin, — Jesse Pound, Laura Champine, Champine, — Lisa Kailai Han, Tesla, Emmanuel Rosner, Elon Musk, Rosner, Fred Imbert, John Kim, Kim, SLG, KeyBanc, Eric Heath, Heath, Nathan Feather, Feather, James West's, West, Jamie Baker, Baker, Lisa Kailai Han, Matthew Ramsay, Ramsay Organizations: CNBC, Nvidia, Amazon, Wholesale, BJ's Wholesale, Deutsche Bank, Tesla, Reuters, BMO Capital Markets, Green Realty, New York City, SL Green Realty, SL Green, SL, KeyBanc, eBay, EBAY, GE, ISI, GE Vernova, General Electric, JPMorgan, JetBlue JPMorgan, JetBlue, Jetblue, Technology, NVIDIA, Match Group Locations: China, Manhattan, York City, Wednesday's, York

☆ Grindr won its first batch of Wall Street initiations. Here's what analysts are saying
▼ + stars: | 2024-04-07 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

About a year and a half after going public, Grindr is starting to win Wall Street's praise. Over the past two weeks, three investment firms began coverage of the dating platform focused on LGBTQ+ men. That focus, once something seen as taboo or unappealing in society, is a plus for analysts, who say the qualities typically associated with gay men make them a solid consumer base to cater toward. "While LGBTQ[+] acceptance is rising, Grindr can help gay men meet for a wide range of purposes under a wide range of societal conditions." "Grindr has established itself as the leading LGBTQ+ social dating app through strong brand awareness, despite its relatively nascent tech.

Persons: Grindr, Raymond James, Andrew Marok, Marok, Nicholas Jones, Jones, GRND, LSEG, Bumble, TD Cowen, John Blackledge, Raymond James ' Marok, Blackledge Organizations: U.S

☆ Comeback stories? These stocks have underperformed but are expected to do well
▼ + stars: | 2024-04-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Multiple stocks are lagging the market this year, but Wall Street says don't write them off yet — they could soon be due for a turnaround. With this in mind, CNBC Pro screened for stocks in the S & P 500 that might be positioned for a rebound this year. Shares were down 2.3% in 2024 thru the open Wednesday March 27, but the average price target implies around 22% upside potential, according to FactSet. Match was also highlighted as one of Goldman Sachs' favorite asset-light stocks earlier this month. According to the consensus analyst price target, the stock could rise 20.1%, per FactSet.

Persons: financials, Goldman Sachs, Fred Imbert Organizations: CNBC Pro, UnitedHealth, Caesars Entertainment, LSEG, Lines

☆ Three-Stock Lunch: Match Group, Caesars & UnitedHealth
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Match Group, Caesars & UnitedHealthCourtney Garcia, Payne Capital Management senior wealth advisor, joins 'Power Lunch' to discuss plays for three stocks including Match Group, Caesars and UnitedHealth.

Persons: UnitedHealth Courtney Garcia Organizations: Group, Caesars, Payne Capital Management

☆ Opinion | Dating on Apps, and the Old-Fashioned Way
▼ + stars: | 2024-03-29 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “It’s Not You: Dating Apps Are Getting Worse,” by Magdalene J. Taylor (Opinion guest essay, nytimes.com, March 16):With more people on online dating platforms than ever, we have entered a new era rife with hot takes and opinions based on a narrow set of experiences. Recent surveys say that dating apps are the No. 1 way people meet today, and nearly 70 percent of individuals who met someone on a dating app said it led to a romantic, exclusive relationship. I am not here to question individual experiences, or pretend that every date will lead to success. There’s this false notion suggesting that dating apps don’t work.

Persons: Magdalene J, Taylor, we’ve, Bernard Kim Los Angeles Organizations: Match

☆ Match adds two directors in deal with activist investor Elliott Management
▼ + stars: | 2024-03-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Tinder and Hinge operator Match Group added two new directors and signed an agreement with Elliott Management, months after the activist investor was reported to have taken a stake in the company, Match announced Monday. The appointments come after a "constructive" dialogue with Elliott that resulted in an information-sharing agreement, Match said in a release. Such agreements allow activist investors to have insight into the company's finances and operations, above and beyond what everyday investors have. Elliott is one of the most prolific activist investors in the space. The Wall Street Journal reported in January that the activist had an economic interest of around $1 billion.

Persons: Laura Jones, Zillow, Spencer Rascoff, Elliott, Marc Steinberg Organizations: Elliott Management, Instacart, Match, Street

☆ Why the Young and the Single Can’t Commit to Dating Apps
▼ + stars: | 2024-03-14 | by ( Gina Cherelus | ) www.nytimes.com time to read: +1 min

Alexa Valavicius is 28, single and off dating apps since 2021. She quit Hinge and Bumble, the only two platforms she was on, when she realized that getting a good read on people was difficult based on their profiles. Although she has never been in a relationship, she doesn’t believe she’s going to meet the love of her life via a screen: “I feel like my ideal partner is someone who is not spending their free time on apps.”Among young singles today, dating-app fatigue is real. The popularity of in-person dating events and the eagerness of some users to take a sabbatical from swiping both point to a shift among members of Gen Z. And that weariness is being felt by the largest dating-app companies, Match Group and Bumble, both of which have reported poor revenue growth and have laid off workers.

Persons: Alexa Valavicius, Ms, Valavicius, Gen Organizations: Match Locations: Chicago

☆ Dating Apps Have Hit a Wall. Can They Turn Things Around?
▼ + stars: | 2024-03-12 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

As online dating became as easy as swiping a finger across your phone screen, the companies who own apps like Tinder and Bumble became Wall Street darlings. But about a decade later, those platforms are now struggling to live up to expectations, and investors have grown frustrated and eager for something new. Match Group and Bumble — which make up nearly the entire industry by market share — have lost more than $40 billion in market value since 2021. Even in an age when the apps are a staple on people’s smartphones, the two companies are laying off workers and reporting lackluster revenue growth. Both companies have recently brought on leaders who have vowed to experiment with new features, hoping to capture the growth investors crave.

Persons: Bumble, daters, TikTok, they’re Organizations: Match

☆ This Goldman portfolio of lean and mean stocks has trounced the market the last 2 decades
▼ + stars: | 2024-03-04 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Semiconductor giant Nvidia has an asset intensity ratio of just 0.5, according to Goldman. NVDA 1Y mountain Nvidia shares over the last year Another chipmaker in the basket is Broadcom . Match Group has a 0.3 asset intensity ratio. The company has an asset intensity ratio of 0.4. All but two of the 19 analysts who cover Live Nation rate it a strong buy or buy, per LSEG.

Persons: Goldman Sachs, Goldman, Jenny Ma, Ma, LSEG, — CNBC's Michael Bloom Organizations: Semiconductor, Nvidia, Broadcom, chipmakers Micron Technology, Intel, Telecommunication, Verizon, Mobile

☆ You'll soon need a driver's license or passport to get a blue checkmark on Tinder — and take a selfie to prove it's you
▼ + stars: | 2024-02-20 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Tinder announced it's expanding its verification requirements to make users share a video selfie and a photo ID to get a special verification badge. To get the blue checkmark, your video selfie has to match the photo on the ID and the pictures on your profile. Users who only complete photo verification will now get a blue camera icon badge on their profile; users who only complete the ID verification will show a blue ID icon badge. Last year, the app took its security measures a step further by requiring a video selfie to get the blue checkmark. Hinge has users submit a video selfie, which can take up to 24 hours to get approved.

Persons: —, Tinder, Kayla Whaling, Whaling, Tenable, Satnam Organizations: Service, Business, Whaling, Group Locations: Australia, New Zealand, UK, Brazil, Mexico

☆ The operator of Tinder, Hinge, and OkCupid is being sued over claims it made them addictive and puts profit over love
▼ + stars: | 2024-02-15 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewThe operator of dating platforms Tinder, Hinge, and OkCupid is being sued over claims it makes its apps addictive and puts profit over love. Match Group did not immediately reply to Business Insider’s request for comments. Speaking to the outlet, a spokesperson for Match Group denied the allegations, saying the case was "ridiculous and has zero merit." Match Group owns the largest global portfolio of popular online dating services, including Tinder, Match.com, OkCupid, Hinge, Plenty of Fish, OurTime, and other dating brands, per its website . The group has hundreds of millions of reported users across its platforms, per its latest business overview, published in August 2023.

Persons: — Organizations: Service, Court, Northern, Northern District of, Business, NPR, Match Group Locations: Northern District, Northern District of California

☆ Dating apps in 2024: A look at the state of Tinder, Bumble, Hinge and Match
▼ + stars: | 2024-02-14 | by ( Rachel Wilson | ) edition.cnn.com time to read: +4 min

But dating apps, including Bumble, Grindr, Hinge and OkCupid, have cemented themselves as a fixture in American life: 2023’s downloads are more than twice the number of downloads in 2012, the year Tinder launched. This is the state of the dating app market, in four charts:Downloads are starting to fallThe popularity of dating apps has remained steady despite a slight decline in overall downloads in recent years. As many as three in 10 of all Americans say they’ve used a dating app, according to Pew. Tinder’s dominance is waningTinder has been the most commonly used dating app for Americans, a status it has held almost since it launched in 2012. Tinder is the largest app in Match Group’s US portfolio, which also includes Match, OKCupid, Hinge, Plenty of Fish and 36 other dating app brands aimed at diverse communities.

Persons: CNN — Tinder, Gen, they’ve, ” Tomas Iriarte, Reyes, Tinder, Gen Z Young, who’d, Gen Z, Bumble, X, ”, Amelia Orlando Organizations: CNN, Pew Research Center, Pew, Tinder, Survey Center, American, American Enterprise Institute Locations: data.ai

☆ Speed dating is making a comeback
▼ + stars: | 2024-02-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Speed dating, singles mixers and other group dating parties have made a comeback since the Covid-19 pandemic ended as singles look to get off their screens and meet potential partners in person. Game-based dating events grew 163% in 2023 and athletic dating events like pickleball and spin classes saw a 135% rise on the platform. And it’s never been replicated.”Mixed feelings about dating appsOnline dating was stigmatized for years, but it’s now a primary form of dating. Still, online dating users are divided over whether their experiences on dating apps have been positive. Fifty-three percent of people say their personal experiences have been very or somewhat positive on dating apps, according to Pew.

Persons: Mike Blake, ”, Maria Avgitidis, Z, ” Avgitidis, “, ” Linda de Lucca, ” de Lucca, “ We’ve, it’s, Bumble, Yu Chun Christopher Wong, Justin McLeod, Rachel DeAlto Organizations: New, New York CNN, Valentine’s, Reuters, Baby Boomers, Pew, Financial, Match Group Locations: New York, New York City, Chicago, Los Angeles, United States, California, Millennials

Stuck in dating app loop with no date in sight? A lawsuit filed Wednesday against Match Group claims that is by design. Tinder, Hinge and other Match dating apps are filled with addictive features that encourage “compulsive” use, the proposed class-action lawsuit claims. This, the suit claims, turns users into “addicts” who purchase ever-more-expensive subscriptions to access special features that promise romance and matches. It was filed by six dating app users and seeks class action status.

Persons: —, ”, “ Organizations: Match Group, Northern District of, Dallas, Facebook Locations: Northern District, Northern District of California

☆ True Love. Is There a Hack for That?
▼ + stars: | 2024-02-09 | by ( Callie Holtermann | ) www.nytimes.com time to read: +1 min

Something similar exists among those swiping for love on dating apps. In the past year, Ali Jackson, a 36-year-old dating coach in Brooklyn, has been struck by how many people have come to her asking about “hacks” they have seen online, which they believe will help them overcome barriers between their profiles and true love. These are not really tips for dating but for outmaneuvering dating apps. On TikTok and Reddit, users recommend deactivating and reactivating your account, rejecting a string of attractive profiles or temporarily switching your location to a different city. Each of these moves, proponents say, could scramble the app’s algorithm into offering the user better options.

Persons: “, Ali Jackson, ”, Lakshmi Rengarajan Organizations: Match Group Locations: Brooklyn

☆ Hinge's founder delayed starting a job at McKinsey after college and invested his $12,000 signing bonus into his dating website
▼ + stars: | 2024-02-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Justin McLeod accepted a job offer from the consulting firm McKinsey while in business school. McLeod had invested his $12,000 signing bonus into an idea for a dating website called Hinge. AdvertisementHinge's CEO accepted a job offer from McKinsey while in business school but kept delaying the start date, to work on his idea for a dating website, CNBC Make It reported. "That was kind of the standard job that you got coming out of business school." McLeod explained that his mom was pretty disappointed that she got to tell everyone he was at Harvard Business School, then McKinsey, and then "unemployed and working on a dating website."

Persons: Justin McLeod, McLeod, —, " McLeod Organizations: McKinsey, Service, CNBC, Harvard Business School, Exchange, Group Locations: Fortune

Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy , which announced on Thursday that Elliott partner Marc Steinberg would join the company's board. The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC. The position would make it Etsy's largest investor. Still, the e-commerce company's stock is down about 10% year-to-date. It competes with e-commerce companies including Amazon, which has its own handcrafted products platform.

Persons: Elliott, Marc Steinberg, CNBC's David Faber, Josh, Steinberg, Etsy, Josh Silverman, Silverman Organizations: Nasdaq, Elliott Management, CNBC, Vanguard, BlackRock, Match Group, Philips, Amazon Locations: New York City, Salesforce, Brazil

☆ Hinge founder turned down prestigious job offer out of business school to start $400 million-a-year app instead
▼ + stars: | 2024-01-31 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Through college and Harvard Business School, McLeod had the desire to be an entrepreneur, but "nothing really clicked" for him. The lack of direction led him to accept a consulting job at McKinsey during his second year of business school. "That was kind of the standard job that you got coming out of business school." But his plans quickly changed soon after when he had the idea for a dating website called Hinge. "They finally got word that I had started Hinge and called me up and asked for their money back," he said.

Persons: Justin McLeod, McLeod Organizations: Harvard Business School, McKinsey, CNBC, Match Locations: America

☆ 10 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-01-27 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.

Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile

☆ How to find a reasonably-priced and resilient stock amid the rush of earnings reports ahead
▼ + stars: | 2024-01-15 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

Strong Balance Sheet: A strong balance sheet is often a primary indicator of a quality company. Consistent Earnings Growth: Quality companies usually exhibit steady and predictable earnings growth. Typewriter manufacturing wasn't a sustainable growth industry regardless of whether it adhered to ESG factors or not. Bear in mind that finding a quality company cheap isn't likely, but we would prefer to avoid crowded (i.e. Even without delving into the quality of management and other factors it's clear that AT & T is not a "quality" company as I defined it above.

Persons: Martin Luther King, Walt Disney Organizations: JPMorgan, Good, Sustainable, Sector, Charter Communications, Comcast, Electronic Arts, Fox Corp, Interpublic, Match, Meta, Netflix, News Corp, Omnicom, Paramount Global, Interactive, Verizon, Walt, Warner Brothers, Apple Locations: America

☆ Ads for Match Group and Walmart ran alongside disturbing content on Meta’s platforms, court documents claim
▼ + stars: | 2024-01-10 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

Wednesday’s filing alleges that Match Group cut its advertising spending on Meta’s platforms over its concerns. Wednesday’s complaint cites an alleged email exchange between Match and Meta late last year in which the dating company asked how Meta prevented its ads from running next to inappropriate content. Meta responded saying it had removed some of the flagged content, including the group, the complaint states. Former Facebook employee-turned-whistleblower Arturo Bejar also told a Senate subcommittee in November that Meta’s top executives, including Zuckerberg, ignored warnings for years about harm to teens on its platforms. Zuckerberg and Meta are refusing to be honest and transparent about what is taking place on Meta’s platforms,” Torrez said in a statement to CNN Wednesday.

Persons: General Raúl Torrez, Torrez, Mark Zuckerberg, Meta, ” Meta, Andy Stone, “, we’ve, provocatively, Harley Davidson, ”, Zuckerberg, Arturo Bejar, Mr, Meta’s Stone Organizations: New, New York CNN, Group, Walmart, Meta, CNN, Wall, Facebook, Wednesday Locations: New York, New Mexico, Mexico, “, TikTok

☆ Match shares surge on report activist investor Elliott takes $1 billion stake
▼ + stars: | 2024-01-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Shares of Tinder owner Match jumped as much as 12% during Tuesday morning trading after The Wall Street Journal reported that Elliott Management, the activist investing firm behind campaigns at Salesforce and Pinterest , had built a roughly $1 billion stake in the online dating company. The company had a market cap of $10 billion at the close Monday, but that pales in comparison to its more than $45 billion market cap in 2021. Elliott is expected to engage with Match management, the Journal reported citing people familiar with the matter, but it was not clear if that engagement would include nominating its own directors. But the company reported a continued tumble in so-called Tinder payers in November when it reported third-quarter earnings. A spokesperson for Elliott Management was not immediately available for comment.

Persons: Gary Swidler, Greg Blatt, Sam Yagan, Nelson Griggs, Elliott, Jesse Cohn Organizations: Match, Match Group, Nasdaq, Street Journal, Elliott Management, JPMorgan, Phillips, CNBC, Citrix, eBay, Twitter Locations: New York City, Salesforce

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