Investors ‘swipe right’ in Tinder-owner Match’s debut

Match Group, which touts itself as the world's No. 1 dating company, is seen as the crown jewel of Diller's media properties and has driven parent IAC/InterActiveCorp's profit and revenue in recent quarters. One of Match Group's most popular offerings is Tinder, a mobile app on which people “swipe right” or “swipe left” to signal their willingness – or not – to meet prospective partners.

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Tinder says founder Sean Rad returning as CEO

(Reuters) – Online dating application Tinder said on Wednesday night that it had re-appointed the app’s founder, Sean Rad, as its chief executive. Rad returns after being replaced in March by former eBay Inc executive Chris Payne CEO. “We mutually determined that this wasn’t going to be optimal and thought that a quick transition served everybody best,” the company statement quoted Payne as saying.

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Amazon quietly shutters product ads that drove traffic to outside sites

By Mari Saito SAN FRANCISCO (Reuters) – Amazon.com Inc quietly shuttered a pay-per-click advertising programme that allowed businesses to divert traffic from the retailer's platform to their own websites on Tuesday, saying it would permanently discontinue the programme in October. The programme allowed many businesses that are not necessarily sellers on Amazon's online marketplace to buy ad space on its website

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Google overhaul ‘shareholder friendly’ but details scarce

Google Inc's overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose. Analysts and investors have long sought more granular detail on Google's capital spending and cash flow, as well as the financial performance of YouTube and Android. Google said on Monday it would split into two reporting companies under a new holding company called Alphabet.

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U.N. urges Thailand to amend tough law on insulting royalty

By Stephanie Nebehay GENEVA (Reuters) – The United Nations on Tuesday denounced “shockingly” long prison terms imposed by Thailand for insulting the monarchy and urged authorities to amend the law and release those convicted. Thai military courts on Friday jailed two people for insulting the monarchy, one for 30 years and the other for 28, the heaviest sentences for the crime in Thai history, lawyers and a legal monitoring group said.

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Facebook, Twitter lock horns in post-Super Bowl battle of the statistics

By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO (Reuters) – Facebook Inc and Twitter Inc released a barrage of data, special “heat” maps and slick animations on Monday to claim the title of most-popular social network for spectators watching the Super Bowl, but a winner was difficult to pick. Facebook, the world's largest social network, boasted that 65 million people chimed in on its service about the match that saw the New England Patriots edge the Seattle Seahawks 28-24, up 30 percent from the year earlier.

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