IAC Chairman Barry Diller created Match Group in 2009. In 2020, a 100% spinoff is happening just as ... [+] "video dating" due to Covid-19 becomes the new normal. In April, Match.com CEO Hesam Hosseini revealed the company launched Vibe Check, an in-app video calling service, after a survey revealed almost 70 percent of singles are now interested in trying video dating. A young woman walks past a billboard advertisement for the dating app Tinder in Berlin, Germany, ... [+] it's now the most popular dating app in the world Getty ImagesThe Spinoff of Diller’s 80% stake in Match could not have come at a better time for the dating app company, as it expertly morphs into video dating. For the full nine page fundamental IAC and Match Spinoff report, including key metrics, charts and recommendation, reach out to me at jo@edgecgroup.com.

Source: Forbes June 29, 2020 08:26 UTC