Match Group falls as senators press on romance scams
ReutersSep 24, 2025 5:22 PM
Match Group MTCH.O stock declining 1.1% after two U.S. senators sent letter urging Tinder owner to address dating scams on its platforms, seek info on fraud detection efforts
Democratic Senator Maggie Hassan and Republican Senator Marsha Blackburn ask MTCH to provide docs on policies, procedures for preventing romance scams, citing risks to users
MTCH says it has invested in advanced fraud detection, safety features and partnerships to improve platform security
MTCH's shares up 12% YTD, lagging Nasdaq .IXIC, which is up 16%
MTCH recently traded at 14x expected earnings, well below 5-yr avg forward PE of 30
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