Why Match Stock Soared Today
Shares of Match Group (NASDAQ: MTCH) have soared today, up by 10% as of 12:40 p.m. EDT, after the company appointed a new CEO for Tinder yesterday. The popular dating app has named Jim Lanzone as CEO, effective Aug. 3.
Lanzone was previously the chief digital officer at CBS and led the media company's digital efforts as CEO of CBS Interactive. Elie Seidman, who was previously CEO of OkCupid and has been Tinder CEO since 2017, is stepping down. The news comes less than a month after Match completed its spinoff from majority parent IAC, and Tinder is Match's flagship brand. Match also named veteran gaming exec Joshua Sell as chief product officer, effective immediately.
Image source: Tinder.
Source Fool.com
