An Apple iPhone displays the Match dating app in an arrangement photograph.
After the announcement that Match Group was joining the S&P 500, Match Group shares rose by more than 8%.
Perrigo Company will be replaced by the online dating company, S&P Dow Jones Indices announced Friday in a release.
Match Group is based in Dallas and owns many dating companies, including Hinge Tinder OKCupid, Tinder, and Tinder. Match shares have increased more than 50% in the hours after the spinout by IAC in July 2020.
CNBC reported that Shar Dubey, CEO, told employees earlier this week in a memo, she would establish a personal fund for Texas workers and those whose lives were affected by Texas's new abortion law.
The company's current market capitalization is more than $40 Billion.
