Facebook’s Foray Into the Dating Scene Looks Like No Match for Match
- Dating site’s shares are above the average price target of $53
- Stock nearly doubled this year under new CEO Mandy Ginsberg
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Match investors appear to have gotten over their Facebook fears.
When the social media giant announced plans in May to launch an in-app dating feature, Match Group Inc. shares fell 22 percent. That, however, appears to have been just a blip. The stock is up more than 50 percent since May 1 and has gained 81 percent for the year.