Why I Like Match Group Stock $MTCH - the "Disney of Dating"
Online dating apps are TERRIBLE for finding relationships.
The good news?
User retention for these apps is bound to be unbelievably good. Because if you're not in a relationship, you're going to stay on the apps.
That's why I own Match Group, which trades under the ticker $MTCH, for the long run.
Match Group owns Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime.
It's the "Disney of Dating!" (I own Disney stock too...)
So what's the kicker? We all know online dating is big.
But what you may not know is that swiping left and right is incredibly addictive. So online dating is a long-term trend that will continue to grow.
AND... with the economy opening up more and more... people want to "MINGLE" with as many people as possible.
Every day, I notice people on the Q train swiping left and right like crazy.
I also love that Hinge is booming and becoming the new OkCupid (a.k.a. the mainstream dating app for younger poeple).
$MTCH is bound to be be a volatile stock, but I'm in it for the long run.
Heck, I want to see them acquire Bumble $BMBL to make the "Disney of Dating" even more powerful.
Match could charge $59 a month for unlimited access to all premium features on all the dating apps. That would be the "Disney+ of Dating" and a financial blockbuster.
Again, this should be a crazy stock for a while - it sold off on its last earnings report, which was quite good.
But I'm in it for the long haul.