FORBES - A Dutch antitrust authority ruled that Apple must allow dating apps to use alternative payments or face a weekly fine of $5.6M. Investors should consider buying Match Group. A filing at the Securities and Exchange Commission in June revealed Match had 15.1M paying subscribers, up 15% from a year ago. Annualized revenue was $2.7B and profits reached $978M. Match shares closed on Thursday at $133.44. The stock trades at 72.6x forward earnings, and 13.1x sales. Market capitalization has fallen to $37.2B, following a share price decline of 11% in 2021. Shares can easily trade to $190 during the next 12 months on the Apple news alone, a gain of 42% from current levels.
by Jon Markman
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