Match Group appoints e-commerce veteran to board in response to activist investor pressure

From Yahoo Finance: 2025-04-07 08:16:00

Match Group, the online dating company, appointed Darrell Cavens as a new director in response to activist investor Anson Funds naming three candidates. Match aims to strengthen its board’s expertise in digital commerce and technology-driven innovation. The company has faced pressure to improve its performance, with a valuation drop to $7.20 billion from $40 billion during the pandemic. Match and other dating app operators have struggled to boost user engagement post-pandemic. Anson Funds does not endorse Match’s new director, highlighting interlocking relationships on the board. Match’s shares fell 2% in early trading.



Read more at Yahoo Finance: Match names e-commerce veteran to board amid growing tensions with Anson Funds