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MEET - Why Meet Group Stock Jumped 18% Today Then Collapsed
The Meet Group Inc.
Chat and dating app-maker Meet Group(NASDAQ: MEET) surged more than 18% in noonday trading Monday before retreating to close the day still up 5.3%.
Reuters reported late this morning that NuCom, a subsidiary of German broadcaster ProSiebenSat.1 Media SE, is looking into buying Meet Group. NuCom already owns eHarmony.