Match Group Finds Love During COVID-19
COVID-19 has changed the world forever. With social-distancing guidelines and lockdown mandates, many have been unable to be social and meet new people under normal circumstances. It has also made it difficult for folks who wanted to begin dating. Match Group (NASDAQ: MTCH) -- owner of Tinder, Hinge, OkCupid, and several other popular dating platforms -- initially saw a dramatic decrease in usage of its services, but eventually, daters came back in large numbers.
April was a slow month for Match Group after people dropped everything (including dating) to stay safe. After a sharp initial decline, the company saw a steady recovery in its business over the following months. The rebound happened across the board, with increased usage from most demographics including young adults, females, and older males.
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Source Fool.com
