Match hits pause on ‘metaverse’ dating and Tinder crypto, stock plunges 20% after surprise loss
August 02, 2022 at 17:07 PM EDT
Match Group Inc. shares were pummeled Tuesday after the online-dating company's new chief executive detailed a slowdown for its most popular product, Tinder, and decided to pause newer initiatives such as Tinder-based crypto and "metaverse" dating.