Forget Facebook, Match Group Is a Better Online Dating Stock
Last September, Facebook (NASDAQ: FB) launched Facebook Dating in the U.S. after testing the feature in other markets for a year. Earlier this year, Facebook upgraded the feature with video calls to let users go on "virtual" dates as the COVID-19 crisis kept more people at home.
Facebook's expansion into the online dating market initially spooked investors in Match Group (NASDAQ: MTCH), which owns popular dating apps like Tinder, Match, PlentyOfFish, OurTime, OkCupid, and Hinge. But over the past 12 months, Match's stock advanced more than 40% as those concerns waned.
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.
Source Fool.com
