Minuk's Musings and Dating Apps
Richard Minuk - Jan 19, 2024
Call me old fashioned – I met my wife at a bar when we were 19 years old. For me, it was love at first sight and I bought her a drink immediately.
For her, it took a little coaxing, and we started dating at 22.
Nowadays, less than 5% of couples meet at a bar because everyone is meeting online and through dating apps.
I hope that you swiped LEFT on dating app stocks. Despite the increase in demand for their services, the competition in this space is fierce with very little business moat and low barriers to entry.
Match Group: Industry leader and owner of Tinder, Hinge, OKCupid and Match.com
- 12 month return: - 23%
Bumble: Owner of female-first dating app Bumble.
- 12 month return: - 41%
Hello Group: China's leading online dating company and owner of Tantan, known as China's Tinder.
- 12 month return: - 33%
Source: Factset as of Jan 18, 2024
I hope you have a great weekend. Reach out if I can be of assistance.
Rich