Tinder co-founders claim they're owed $2 billion [CNNMoney.com]
Match Group, Inc. (MTCH)
Last match group, inc. earnings: 2/4 04:11 pm
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US:NASDAQ Investor Relations:
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Source: CNNMoney.com
Tinder co-founders and early employees sue dating app's owners for billions Co-founders of Tinder and eight other former and current executives of the popular dating app are suing the service's current owners, alleging that they manipulated the valuation of the company to deny them of billions of dollars they were owed. The suit, filed Tuesday in state court in New York, seeks at least $2 billion in damages from Match Group ( MTCH ) and its parent company, IAC/InterActiveCorp ( IAC ) . The plaintiffs are represented by Orin Snyder of Gibson Dunn, who has represented some of the biggest companies in tech, including Facebook, Apple and Uber. The dispute centers on an analysis of Tinder done in 2017 by Wall Street banks to set a value for stock options received by Sean Rad , a Tinder co-founder, and other early employees. It also includes an allegation of sexual harassment against Tinder's former CEO, Greg Blatt.
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MTCH
News
- Hottest dating apps for your portfolio [Yahoo! Finance]Yahoo! Finance
- Match Group, Inc. (NASDAQ:MTCH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Match Group to Present at the J.P. Morgan Global Technology, Media, and Communications ConferencePR Newswire
- Match Group, Inc. (NASDAQ: MTCH) had its price target lowered by analysts at UBS Group AG from $40.00 to $36.00. They now have a "neutral" rating on the stock.MarketBeat
- Match Group, Inc. (NASDAQ: MTCH) had its price target lowered by analysts at TD Cowen from $46.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
MTCH
Earnings
- 5/7/24 - Beat
MTCH
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 144
- 5/7/24 - Form 8-K
- MTCH's page on the SEC website