MTCH - Tinder Names New CEO While it Struggles to Retain Users | Benzinga
Match Group Inc (NASDAQ: MTCH) has appointed Faye Iosotaluno as the new CEO of Tinder, its flagship dating app.
The appointment of Iosotaluno follows reports of activist Elliott Investment Management acquiring a $1 billion stake in Match Group, potentially signaling upcoming strategic changes.
This decision concludes a nearly two-year period during which Match Group's CEO, Bernard Kim, also served as the interim CEO of Tinder. Iosotaluno's promotion from her role as COO in August 2022 represents a strategic step in a broader turnaround plan initiated by Kim, Bloomberg reports.
However, ...