Dating service stocks
People shop for clothes online, order pizza online, flag taxis online, pay bills online, share photos online, and yes, even date online.Indeed, if you're looking for romance, the most intimate of human experiences, there's an app for that.There will be three classes of stock: common stock, Class B common stock and Class C common stock.Common stockholders will be entitled to one vote per share, while Class B shareholders will get 10 votes per share. Dating Site Scammers Tear Up Hearts, Empty Wallets Parent company IAC/Inter Active Corp, controlled by billionaire Barry Diller, will own all shares of outstanding class B stock.Its flagship app, AYI (Are You Interested), has a database of approximately 30 million users.And its latest offering, a female-friendly version of Tinder called the The Grade, is showing promise. So the question is: Is it a love connection for investors?She downloaded the Match app and connected with Justin Pounders, also 34, almost immediately. Nearly half, or 44 percent, of those who tried online dating said it led to a serious long-term relationship or marriage, the magazine found.
Match Group has about 59 million active monthly users, 4.7 million of them paid, using 38 languages in more than 190 countries. Call it the Tinder factor: 22% of young adults have used a mobile dating app, compared to just 5% just two years earlier.This helps explain why IAC/Inter Active Corp (IACI) decided to spin off its online dating assets last year with the Match Group (MTCH) IPO.Match Group said that it plans to use all of the offering's net proceeds to repay related-party debt owed to IAC/Inter Active Corp.
Match Group completed the acquisition of Plentyof Fish, another online dating site, for 5 million last month.
Market cap at 4.19M, most recent closing price at .23.