Match Group, Inc.
Thesis
We bought Match.com as we saw an opportunity to invest in a company that could benefit from changing consumer behaviors during the pandemic.
Did it work?
inconclusive
confidence: low
The thesis is a pandemic-driven long on Match.com predicated on changing consumer behaviors boosting online dating. While online dating engagement did broadly increase during the pandemic, no price performance is provided and the time elapsed since the pitch is unknown, so the actual investment outcome cannot be verified. The thesis also lacks a stated price target or horizon, leaving no benchmark against which to judge success or failure.