Amidst the tumultuous seas of the stock market, the activist investor Elliott Management has quietly amassed a colossal $1 billion stake in the online dating service Match Group (NASDAQ:MTCH).

Their intention? To persuade Match (MTCH), the parent company of Tinder, Hinge, and other dating platforms, into embracing change. A report from the WSJ on Monday, citing informed sources, disclosed Elliott’s ambitions to restructure the company.

Details of Elliott’s specific demands are shrouded in mystery. Whether the hedge fund will seek to exert influence by appointing directors to the board remains undisclosed, as reported by the WSJ.

In the wake of Match (MTCH) witnessing a 12% decline in its shares over the past year, Elliott’s bold maneuver has added flammable fuel to the fire of market speculation. Even as far back as August, pundits had suspected Match (MTCH) to be a prime target for activist intervention. Nomura, a counterparty for activist swap positions, had increased its Match (MTCH) shares by 6.6 million, a move astutely highlighted by Gordon Haskett’s Don Bilson.