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Heard on the Street: Online Dating Activists Need to Get Users Hot Again
Shareholder activists are hot for online dating apps. The Wall Street Journal reported Monday that Starboard Value has taken a major stake in Match Group. In a letter to the company’s board of directors that was filed with the SEC later in the day, Starboard’s Jeff Smith cited “significant room for improvement in operations, financial results, and capital allocation.”
The Wall Street Journal•
