Briefing

Match Group CEO Mandy Ginsberg is stepping down

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After 14 years, Ginsberg is leaving the parent company of dating sites including Tinder, Hinge and OkCupid. Ginsberg told employees in an internal email Tuesday that her decision was mostly personal, citing health issues and the aftermath of a tornado that destroyed her home in October 2019. (The Wall Street Journal, Axios)

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Talking point: Current Match Group president Shar Dubey will step in as CEO in March. Dubey was previously the chief executive of Tinder, Match’s most popular property, which accounted for 5.7 million of its 9.6 million total subscribers in the third quarter of 2019. Ginsberg’s departure comes several months ahead of Match’s planned spinoff as an independent company from media and internet conglomerate IAC, and just days before it reports fourth-quarter earnings on February 5. Meanwhile, one of Tinder’s co-founders is suing IAC and Match for allegedly undervaluing Tinder’s growth potential.