Match Group Inc. (NASDAQ: MTCH) shares made a handy gain on Tuesday after the company announced that it is trying out a few security feature in India before this feature might be rolled out globally.
The “My Move” feature allows women to choose in their settings that only they can start a conversation with a male match after both have approved each other with Tinder’s swiping function. Normally, the app lets both parties text each other immediately after both have swiped yes.
For the past several months, Tinder has been testing the function in India and plans to spread it worldwide if the full rollout proves successful.
The rival dating-app Bumble already only allows the female party to a heterosexual match to start conversations.
Separately, Bumble is suing Match for $400 million in damages. Bumble is claiming that Match, which has been attempting to buy out Bumble CEO and former Tinder executive Whitney Wolfe, fraudulently requested “confidential and trade secret information” so that it could bolster its own dating app businesses.
Shares of Match were last seen up about 3% at $57.57, with a consensus analyst price target of $51.38 and a 52-week range of $22.90 to $60.95.
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