INVESTOR'S BUSINESS DAILY - Feb 10 - Match's stock popped 7.7% to an all-time closing high of 171 on the stock market today. The Hyperconnect acquisition comes just as Match rival Bumble goes public. Hyperconnect garnered $200M in fiscal 2020 from two mobile apps, Azar and Hakuna. Match expects the South Korean company to grow revenues 40% to 50% in 2021. Japan recently became Match's second biggest market, behind the U.S. But Tinder growth has slowed in the U.K., Brazil and India amid the coronavirus pandemic. Match has pivoted to video chatting amid the Covid-19 outbreak.
by Reihardt Krause
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