Match Group Hinge CEO Justin McLeod Steps Down, Jackie Jantos Promoted
Match Group announced a leadership transition at Hinge as Founder and CEO Justin McLeod steps away from the company to launch Overtone, a new standalone AI-driven venture backed by Match Group. As part of the transition, Jackie Jantos, currently Hinge's President and Chief Marketing Officer, has been promoted to CEO. Overtone originated inside Hinge, where McLeod and a dedicated team spent much of 2025 developing the concept with the full support of Match Group. Overtone is an early-stage dating service focused on using AI and voice tools to help people connect in a more thoughtful and personal way. Throughout the year, Match Group and Hinge provided substantial support for Overtone, including a pre-seed financing commitment in 2025 and access to relevant internal learnings and expertise, which accelerated Overtone's early exploration and development. Match Group plans to lead Overtone's initial funding round in early 2026 and hold a substantial ownership position. This structure gives Overtone a significant head start and positions it as a well-backed and credible entrant in the fast-growing AI connection space. Overtone will operate independently as it continues development; Match Group CEO Spencer Rascoff will join its Board of Directors, and Overtone Founder and CEO Justin McLeod will be its Chairman. McLeod, who founded Hinge in 2011, will remain an advisor to Hinge through March to support the transition. His new company, Overtone, will build on his longstanding commitment to responsible, human-centered technology to support people seeking deeper relationships.
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Cyberattacks Target Bumble and Match Group Amid Rising Threats
- Cybersecurity Incident: Bumble (BMBL) contacted law enforcement after a contractor's account was compromised in a phishing attack, although no user database or personal information was leaked, raising concerns about the company's security.
- User Data Impact: Match Group (MTCH) confirmed that its user data was affected but stated that there was no indication of user login credentials, financial information, or private communications being accessed, reflecting the company's relative robustness in data protection.
- Industry Warning: Cybersecurity experts warn that social engineering attacks targeting U.S. companies are on the rise, a trend that could negatively impact trust and user engagement across the industry, prompting companies to bolster security measures.
- Market Reaction: The cyberattack incidents may lead to decreased investor confidence in Bumble and Match Group, potentially affecting their stock performance, especially against the backdrop of increasing focus on cybersecurity.
BofA Identifies 20 Most Favored Stocks by Hedge Funds
- Hedge Fund Favorites: BofA has identified 20 stocks favored by hedge funds, with Incyte Corporation (INCY) leading at a net relative weight of 32.26%, indicating strong appeal in the biotech sector.
- Industry Distribution: The selected stocks span various sectors, including healthcare, technology, and consumer goods, with Centene Corporation (CNC) and Invesco Ltd. (IVZ) following at 19.37% and 17.94%, reflecting hedge funds' emphasis on diversified portfolios.
- Market Trends: Among these favored stocks, VeriSign, Inc. (VRSN) and Mohawk Industries, Inc. (MHK) hold weights of 15.23% and 14.94%, respectively, indicating ongoing market interest in digital security and building materials.
- Investor Confidence: Match Group, Inc. (MTCH) and PG&E Corporation (PCG) are included with weights of 13.52% and 12.63%, showcasing investor confidence in social media and energy sectors, which may influence future market dynamics.
