Earlier this year, Facebook upgraded the feature with video calls to let users go on "virtual" dates as the COVID crisis kept more people at home. Let's see why investors should still consider Match a better online dating stock than Facebook, and why Match's stock could still have more room to run. Match established a first mover's advantage in online dating apps over the past decade. Tinder, which was launched eight years ago, streamlined the entire process with swipes and became the highest-grossing app in the world last year, according to App Annie's annual "State of Mobile" report.
Bumble Has a Date With the Stock Market Today. Its IPO Has Raised $2.2 Billion.
Dig or ditch the dating app stocks? Two traders on Match, Bumble - Flipboard
All rights reserved. Charles St, Baltimore, MD Is it a good idea to fall in love with stocks? The answer in most cases is no. Stocks are supposed to make money and compensate for the risk of investing money in them. But if you must attach emotions to your stocks, then those with dating apps can offer a mix of emotions that seem hard to resist.
Dig or ditch the dating app stocks? Two traders on Match, Bumble
The Coronavirus-induced lockdowns have been an attractive opportunity for online dating companies. All kidding aside, the lockdowns seem to have done two things for online dating companies — two things that are in direct conflict with each other. First off, The expected fall in subscriptions is a huge near-term negative, as most dating companies derive revenue largely from subscriptions. Investors have looked past what will be an ugly first and second quarter , as recent signs that lockdowns will begin easing and vaccines for the virus are entering human testing stages, sending valuations toward levels that reflect an expected earnings rebound. Stocks are now trading at expensive multiples of earnings.
Bumble's initial public offering on Thursday could spark some debate among investors as the top rival to Match Group's Tinder dating site begins trading. Bumble is composed of its namesake app, known for a female-first feature that allows women to make the first move, and Badoo, a separate dating app popular in Europe, Africa and other regions. Match Group's stock soared to an all-time high on Wednesday after the company announced a deal to buy Hyperconnect, a South Korean mobile app operator. We'll have to see what this acquisition yields. But again,