Match Group's Stock Takes a Hit After Announcing New CEO, Soft Sales Outlook
1. Match Group's shares fell after CEO Bernard Kim stepped down. 2. Sales outlook weakens with projected current-quarter revenue below analyst estimates. 3. Fourth-quarter earnings beat expectations, but year-over-year revenue declines noted. 4. Spencer Rascoff, former Zillow CEO, appointed as new CEO effective March 1. 5. Key apps like Tinder and Hinge show mixed sales performance.