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touchwood - owner Match Group has appointed two new penis to its circuit card of directors and sign an agreement with Elliott Management , the companyannouncedon Monday . Chief marketing officer at Instacart Laura Jones , and Zillow Colorado - laminitis Spencer Rascoff , will be join the circuit card , effectual immediately .
Match said in a press release that the appointments followed a “ a constructive dialogue ” with the activistic investor , as the two companies have put down in an “ information - share-out ” correspondence . Today ’s announcement come a few month after TheWall Street Journal reportedthat Elliott has build a just about $ 1 billion stake in the company .
The paper show that Elliott was concerned in discussing ways for Match to ferment its performance around , as the company faces a decline in paying users amid economic uncertainty .
“ We are one of the largest investors of Match Group today because we trust in its chance for significant value creation as the spheric leader in online geological dating , ” Marc Steinberg , cooperator at Elliott , said in a press release . “ We apprise the collaboration with management and the Board over the retiring several months , and we are confident that Laura Jones and Spencer Rascoff are inviolable additions to the Board . We believe their unique skills and perspectives will help support the Company through its next phase of maturation . ”
Elliott has formed a report for build wager in technical school companies and forcing changes . The activistic investor ’s push for change at the dating firm follow plank shakeups at Crown Castle and Etsy .
In Match’sfourth tail for 2023 , the ship’s company ’s number of entire paid users minify 5 % year over year to 15.2 million . The caller ’s growth has slow up from the peaks it reached during the COVID-19 pandemic , as Match has seen a 79 % line decline from its 2021 peak .
Match is the parent company of several popular dating apps , including Tinder , Hinge , Match.com , Meetic , OkCupid , Hinge , Plenty of Fish , OurTime and more .
