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Dating app Tinder set to explode to $1 billion

2014-09-05 16:46:49| Apparel - Topix.net

Some may think superficial apps like Tinder and Snapchat are contributing to a downfall of society, but for shareholders of IAC/InterActiveCorp, they are a godsend. Tinder, the hot dating app that now manages more than a billion "swipes" a day, is poised to skyrocket in usage over the next year, new analysis from Barclays The app is growing at such a rate that Barclays predicts its valuation will reach $1.1 billion by the end of 2015, adding to IAC's Barclays upgraded IAC stock to overweight from equal weight on Thursday and raised its price target to $87 from $72.

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