Elliot swipes right on Tinder and Hinge owner with US$1 billion stake

Activist investor Elliott Investment Management is looking to enforce change at Tinder and Hinge after building a roughly US$1 billion in owner Match Group (NASDAQ:MTCH). As per the Wall Street Journal, Elliot plans to improve performance at Match, alongside taking steps to reinvigorate shares in the company, which sit 80% down on highs seen during the pandemic. Specific details on how Elliot will reignite the stock are yet to be revealed, though the US$1 billion stake is said to have placed Elliot as one o ...