Match Group's (MTCH) Tinder is providing a $500 monthly subscription option to its most engaged users.
(Bloomberg) -- Tinder has rolled out an ultra-premium subscription tier to its dating app users, charging $499 per month to access features like exclusive search and matching.Most Read from BloombergElon Musk Wins US Space Force Contract for StarshieldPakistan Rupee Set to Become Top Performing Currency Globally ‘Fortnite’ Maker Epic Games Is Cutting About 16% of StaffChina Puts Evergrande’s Billionaire Founder Under Police ControlEvergrande’s Billionaire Chairman Hui Is Under Police Surveillanc
Match Group (NASDAQ: MTCH) is one of the few companies that hasn't joined the party. Investors have soured on the once-hot stock due to a narrative of saturation at its flagship Tinder app, slowing revenue growth, and declining profit margins. Combined with a new robust share repurchase program, is Match Group stock a can't miss buying opportunity at these depressed prices?