Succeed at dating login

19-Dec-2019 06:30

Match reported better-than-expected quarterly results on Tuesday afternoon and its management downplayed the threat posed by Facebook Inc.

, which recently announced that it would be entering the dating category.

The stock has gained 7.4% over the past three months, while the S&P 500 has tacked on 3.3%.

Jefferies analyst Brent Thill downgraded Match Group Inc.

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shares to hold from buy on Wednesday, after Facebook Inc. "While the Facebook news won't impact short-term financial results, we are downgrading to Hold based on uncertainty around Facebook's product and its long-term impact on Match's business," Thill wrote.

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