Match appoints Zillow co-founder Spencer Rascoff as CEO

Group 1 - Match Group announced Spencer Rascoff, co-founder of Zillow, as the new CEO, replacing Bernard Kim [1] - Chairman Tom McInerney expressed confidence in Rascoff's strategic perspective and ability to drive innovation and growth [2] - Match Group reported better-than-expected fourth-quarter results with earnings per share of 59 cents on $860 million in revenue, surpassing analyst expectations [2] Group 2 - Despite strong fourth-quarter results, Match Group issued disappointing revenue guidance for the first quarter, forecasting sales of$820 million to $830 million, below the$853 million estimate [3] - Following the report, Match Group's shares fell 7% in extended trading [3] - Since being spun out from IAC Group in 2020, Match Group's market cap has decreased from approximately $30 billion to below$10 billion, indicating a significant slowdown in revenue growth [4]