Overview

• Match Group announces the addition of Laura Jones and Spencer Rascoff to its board of directors, effective immediately.
• The move follows a constructive dialogue with Elliott Management, which has taken a significant stake in the company.
• Elliott Management's involvement is part of a broader strategy to influence the company's direction and improve its financial performance.
• Match Group has faced challenges, including a decline in paying users and a 79% stock decline from its 2021 peak.
• The appointments are seen as a strategic effort to leverage new expertise in steering the company through its next growth phase.