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I’m long MTCH and FB. I’m not worried, here’s why: Despite what people think, Tinder (owned by MTCH) is not that dependent on Facebook, people can sign up thro
by matte_black 9y ago
I’m long MTCH and FB. I’m not worried, here’s why:
Despite what people think, Tinder (owned by MTCH) is not that dependent on Facebook, people can sign up through alternative means, and will probably continue to do so as their audience starts to bring in younger users over time.
Facebook is better off buying Tinder outright than attempting to roll its own platform. Sorry, as much as I believe in Facebook, some of their in house projects never seem to pan out the way people think, though they do get announced with a lot of fanfare.
I see a good entry point for new investors in MTCH in the coming days. I will be increasing my position.
- adventured 9y ago> Tinder which is owned by MTCH, increased it’s revenue by 8 billion in a relatively short period of time That data isn't correct. Match has annual revenue of $1.33 billion. From Q4 2016 to Q4 2017, their revenue increased by $212 million, from $1.118 billion. In their most recent reported quarter, they did $379m in revenue. Match did $803m in revenue for fiscal 2013 for contrast. Their growth has been modest and consistent over time.
- matte_black 9y agoAh you’re right, it was market cap, not revenue. Eitherway, I’m still optimistic and wouldn’t be surprised if Facebook bought out Tinder at some point.
- dannyw 9y agoBy alternative means, you mean Facebook Account Kit...
- noobermin 9y agoI was of your attitude but the moment I saw a comment on HN explaining their position and how they're not worried I am now reconsidering my bet.