Coronavirus Being a Labour of Love ❤️

Coronavirus Being a Labour of Love

Hey, you should meet Match Group! It owns Tinder, OkCupid, and PlentyOfFish, and it lost almost half its stock market value in March. Fortunately, April has been a different story. The wing-company is recovering well, with 94% of the Invstr community having fallen back in love with the stock, according to our Big Data on the inside!

Match revealed on Friday that app usage had actually held steady since quarantine, not falling as many investors had assumed. The appeal of internet dating was thought to be to scout potential suitors and then arrange to meet in-person, but perhaps the business isn’t that simple. With real dates out of the question, virtual activities and video chats are filling the white space and ensuring there’s no love lost. 

This matters for investors both in and out of the dating scene. The most talk of late has been about our new quarantined life, and which routines could outlive the virus and become permanent.

For example, some executives now plan to renegade on long-distance business trips; video conferencing is far cheaper. The same goes for think tanks, and companies like Match Group are hailing digital-first dates as the new normal!

If people can find a romantic connection before taking the daunting step of meeting an internet stranger, instead of after, that will benefit the entire dating sector. It will help tear down stigmas, and more people will give online dating a shot.

It might be a struggle for some apps to moderate video chats, and it could be a race to develop infrastructure at scale. The missteps in growing an online dating app can often cause heartbreak. This is a sensitive business. However, it’s surely a thrilling one for investors. 

Match Group is preparing to look its best for an earnings report this week. Don’t ghost it!

Share:

More Posts

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.