Quarantine and Chill?
The uncertainties of the impact from coronavirus have caused many businesses to decimate. Without people being able to leave their houses, the retail, restaurants, real estate industries, etc. are expected to be destroyed in their next earnings reports. However, there’s plenty of articles that are doom and gloom about the business world. What about the positives? Match Group is one of those companies that will prosper during these tough times.
No matter what happens in the world, dating will never go away. There could be all the technologic changes in the world, but singles will always want to meet other singles as long as the human race survives. Dating will certainly be rather difficult during the “quarantine era”, but still possible. There will be FaceTime or Zoom dates for the time being, but how will so many people find others to telecommunicate with? There should be no fear for those who weren’t able to find someone before the coronavirus hit. This shouldn’t be worse than “cuffing season”. Thanks to Match Group, so many will be logging on to their platforms and it’s safe to say that business will be booming.
Match Group is the umbrella company for social dating platform giants such as Tinder and Hinge. Both are so popular that not only have they become adverbs, they’re also how most couples meet nowadays even without a pandemic sweeping the globe. With people unable to go out, social dating platforms are literally the only option. Talk about a monopoly! With this being the only option for such a needed activity for human survival and Match Group owning two of the largest platforms, it looks like a “match” made in heaven for investors!
Keep in mind that Match Group will be a great investment for the long term as well. It’s lone competitor, Bumble, is a private corporation and has been trying to get its own IPO for years.