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Top related persons:
Gary Swidler - 2 Greg Blatt - 1 Sam Yagan - 1 Nelson Griggs - 1 Elliott - 1 Jesse Cohn - 1
Top related locs:
New York City Salesforce U.S
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Match - 1 Match Group - 1 Nasdaq - 1 Street Journal - 1 Elliott Management - 1 JPMorgan - 1 Phillips - 1 CNBC - 1

Search resuls for: "Gary Swidler"


7 mentions found


☆ 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
☆ Match Group CFO: We definitely have not hit saturation for Tinder users in the U.S. market
  + stars: | 2023-08-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMatch Group CFO: We definitely have not hit saturation for Tinder users in the U.S. marketMatch Group CFO Gary Swidler joins 'Squawk on the Street' to discuss their Q2 earnings, the decline in Tinder users, and more.
Persons: Gary Swidler Locations: U.S
☆ Hinge's new $50-per-month subscription for serious daters is here
  + stars: | 2023-02-17 | by ( Samantha Delouya | ) www.businessinsider.com   time to read: +2 min
Hinge rolled out a new pricier subscription tier that will cost $50 a month, or $600 annually. The new level will offer premium capabilities to boost premium subscribers' exposure on the app. Another Match-owned dating app, Tinder, is testing a $500-per-month membership, though it is unclear what it will offer. For example, subscribers to the new premium tier will have their profiles and likes boosted so they are seen sooner by other users. The company also offers a free version of its dating app that allows up to 8 profile likes per day.
☆ Tinder owner Match to cut staff by about 8% after downbeat forecast
  + stars: | 2023-02-01 | by ( Vansh Agarwal Shreyaa Narayanan | Vansh Agarwal | Shreyaa Narayanan | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/IllustrationFeb 1 (Reuters) - Match Group Inc (MTCH.O) said on Wednesday it would lay off about 8% of its workforce, a day after it forecast first-quarter revenue below Wall Street expectations. Shares of the Texas-based firm were down 7.8%, having lost 11% after the bell on Tuesday following its downbeat forecast. The dating company joins Big Tech firms and Wall Street titans in reducing staff as they strive to cut costs amid concerns of a recession. The workforce reductions at Match are in-line with staff cuts across the broader tech sector, Zino added. Reuters GraphicsMatch forecast first-quarter revenue between $790 million and $800 million on Tuesday, lower than analysts' estimates of $817.3 million, according to Refinitiv data.
☆ Watch CNBC's full interview with Match Group President Gary Swidler
  + stars: | 2023-02-01 | 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 EmailWatch CNBC's full interview with Match Group President Gary SwidlerGary Swidler, Match Group President and CFO, joins 'TechCheck' to break down the company's fourth-quarter earnings as it missed revenue expectations.
☆ Inflation is killing the first dinner date
  + stars: | 2023-01-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +3 min
Eighty-four percent of singles say they now prefer a casual first date, according to the survey. “Singles, more than ever, are open to free dates,” Rachel DeAlto, Match’s chief dating expert, said in an interview. Prior to the pandemic, around 8% of people were open to a video date before meeting in person, according to Match. “Less affluent people are being more careful.”People still want to date, he said, but they are making adjustments. “Why should I spend extra time and money just to go on a date that might end poorly?”
☆ Tinder parent delivers stellar quarter as more people pay to find right match
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +2 min
The company, however, forecast flat growth in fourth-quarter revenue for Tinder. Match plans to tackle the slowdown with reductions in headcount-related expenses and marketing spend and expects to have flat margins in 2023. Shares of the company were trading at $51.21 in extended trading. read moreMatch forecast fourth-quarter revenue between $780 million and $790 million, below market estimates of $809.2 million, as it expects to take an additional $14 million hit from a stronger U.S. dollar than it had previously expected. The company added that a search was ongoing for Tinder CEO, a position vacant since the sudden departure of Renate Nyborg in August.
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