Match Group

Ticker: MTCH

Sector: Interactive Media & Services

Match Group

Match Group and Background-Checking Nonprofit End Safety Partnership. Match Group announced a $1.5 million partnership with digital-safety nonprofit Garbo in 2021. The company was facing new scrutiny after a news report that sex offenders were using its apps. Match Group announced the formation of a new internal group to “explore ways to make it easier for users to engage in dating apps, provide tools to help users showcase their individuality, and further enhance the safety and accessibility of our apps. Match Group operates Tinder, Hinge, Match, Match and OkCupid. Match Group announced that it is ending its partnership with Garbo, the nonprofit organization that provides background checks to users. In March 2022, Tinder introduced background checks powered by Garbo. Garbo, a nonprofit digital safety organization that does background checks on users of dating apps, is shutting down its verification service. Garbo CEO Kathryn Kosmides said they decided to pull the plug on the background-check tool after disagreements with Match. Match Groups appointment of Mark Kantor as Vice President of Innovation signals commitment to exploring the vast potential of AI in the dating industry. Match Group can use AI-powered chatbots to provide personalized recommendations, offer dating advice, and engage users in conversations. Match Group is honored to be recognized by PLANSPONSOR as Best in Class for our exceptional 401(k) plan. Match Group matches every dollar you contribute, up to 10% of your pay. Match Group, the dating app giant behind Tinder, Plenty of Fish, Match and other apps, is ending its formal partnership with Match Group. This includes users who claimed Garbo credits through partnerships with online platforms, including Roomi, HUD and Match. Match Group (NASDAQ:MTCH) has seen an increase in buying and selling of its shares by institutional investors and hedge funds. Glassman Wealth Services increased its stake in Match Group by an astonishing 89.1% during the fourth quarter. Bessemer Group Inc. reduced its holdings in Match Group, a technology company in the online dating industry. Match Group, Inc. (NASDAQ:MTCH) Receives Average Recommendation of “Moderate Buy” from Analysts Posted by Defense World Staff on Aug 17th, 2023.