Jim Cramer Explains Why Match Group Was Expelled from the S&P 500

Match Group, Inc. (NASDAQ:MTCH) is one of the stocks Jim Cramer discussed amid the reshuffling of the S&P 500. Cramer highlighted the shrinkage of the company’s market cap over the past 5 years, as he commented:

So what about the companies that got expelled from the S&P? First, Match Group. Now, this is a dating app company that you might recognize as Tinder, Hinge, Match for several other platforms. I know nothing about online dating, thank heavens, but I do know that Match’s stock is down nearly 80% over the past five years. The market cap has shrunk to $7 billion, which is now too small for the S&P 500.

Photo by René Ranisch on Unsplash

Match Group, Inc. (NASDAQ:MTCH) provides digital technologies primarily for dating and connection, through brands including Tinder, Hinge, and OkCupid. We recently discussed several analysts’ price revisions around the stock, which you can read about here.

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