Why Is Wall Street Giving Dating Apps The Cold Shoulder?

Posted by Michael Scott

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There’s a lot of money to be made in finding love—fleeting or otherwise–for America’s lonely hearts, but the jury is out as to whether Tinder is ‘the one’.

While Tinder now boasts 4.2 million paying users and is expecting $800 million in revenue this year—way above Facebook Dating, for instance—there’s another view, as well: On Wednesday, stocks in its corporate owner, Match Group Inc. (NASDAQ:MTCH) plunged 20 percent on a weak subscriber growth forecast…CLICK for complete article

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