Bumble (BMBL) Stock Pops as Elliott Builds a Stake in Rival Match

Bumble (NASDAQ:BMBL) stock is getting a boost on Tuesday following news of activist investor Elliott Investment Management taking a stake in one of its rivals.A new report reveals that Elliott Investment Management has built up a $1 billion stake in Bumble rival Match (NASDAQ:MTCH). Insiders claim that the increased stake in the dating service will see the activist investor push for changes to improve the price of MTCH stock.Interest in dating apps has been waning over the years. The problem started when Co ...