Thanks, Trump! Chelsea Clinton's stake in Tinder-Owner Has surged 320% Since 2016, Crypto Coins News

• Chelsea Clinton first joined IAC / Interactive Corp’s board nearly a decade ago.
• Her stake in the internet conglomerate has more than quadrupled since Donald Trump’s presidential win in November (******************************************************.
• The massive growth now places her among the major beneficiaries of the Trump economy.

Former first daughter Chelsea Clinton and the parent company of Tinder are a profitable match for each other. Since Donald Trump floored Hillary Clinton in November (******************************************************, the stock of the internet conglomerate has surged over 281%alongside other equities.

Chelsea Clinton, who joined the board of IAC / Interactive Corp (NASDAQ: IAC) in September (********************************************************, currently holds (****************************************************************************************, shares of the internet conglomerate. IAC / Interactive Corp owns such brands as Tinder, OkCupid, Vimeo and The Daily Beast.

The stock opened November (at just over $) ********************************************************************************. As of Friday’s close, thestock was trading at nearly $ 254, a gain of over (%.)

IAC / Interative stock price chart, | Source: TradingViewDaughter cashing in on her surname?

At the time of the political upset, thenumber of sharesChelsea Clinton had received over the years as part of IAC / Interactive Corp’s “Non-Employee Director Deferred Compensation Plan” amounted to 30, 2016. Based on the opening price in November (********************************************************, these shares were worth about $ 1.5 million in late 2019. They have now more than quadrupled in value to reach $ 6.3 million.

The shares Chelsea was first granted when she joined the board recorded an even larger gain. An SEC filing

shows Clinton received 6, 242 shares in September 2016. At the time of the appointment, the shares were trading at a median price of $ 50. Their value has since then skyrocketed by over 728% in under nine years.

Chelsea Clinton had no prior experience in the same capacity at a for-profit company when she was appointed a board member. Her mother was the U.S. Secretary of State then.

Donald Trump effect could boost stock even further

Chelsea Clinton’s net worth could go up even further if analyst predictions are anything to go by. Currently, the internet conglomerate is a Wall Street darling with 23 BUY ratings and zero SELL ratings.

Analysts overwhelm recommend buying IAC | Source: WSJaverage stock price target of $ were achieved, it would boost Chelsea’s existing stake from $ 8.9 million to $ 9.9 million, a growth of slightly over 11%.

Chelsea Clinton’s $ 9 million stake defied short-sellers in 2019

What makes the rise of the Chelsea Clinton-owned stock even more remarkable is that last year, IAC’s crown jewel Match Group (NASDAQ: MTCH), was themost shorted stockin 2921. According to the most recent earnings report, Match Group contributed nearly (% of) *************************** IAC / Interactive Corp’s operating income. Match Group, which is listed separately, also has a higher market cap than its parent company – $ 58 billion versus $ 18. billion. Specifically, the percentage of Match Group’s shares that were sold short relative to the existing float was 88. (%.)

Other factors that are likely to favor the stock include the “New Year effect”. After spending the holidays alone, singles tend tovisiting dating sites and apps in increased numbersbetween Jan. 1 and Feb. (**********************************************************************************************.******************************

****************************** (Source: (Twitter

Some dating services see theirtraffic jump by nearly (****************************************************************************%.**************** (This article was edited bySam Bourgi.