MARKETWATCH - Match Group received approval for a new buyback program of $1B that replaces its current authorization. The latest authorization comes as Match is dealing with a set of distinct challenges. The company has seen paying users decline for five consecutive quarters, partly in response to changes to the price of its subscriptions. This has fueled concerns about saturation in the online dating space and weighed on its stock price, which has fallen 30% over the last 12 months.
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