• Tinder and Match Group were a poor match from the beginning, according to the new $2 billion lawsuit filed by the dating app's founders

    3 monthes ago - By Business Insider

    The legal dispute between Tinder and parent company Match Group is new, but the bad blood between key figures at the two companies apparently isn't.
    Three of Tinder's cofounders, along with a group of current and former key employees, believe that the management of Match Group and its corporate parent, IAC, have repeatedly reneged on formal agreements and shorted them of money and ownership since the founding of the dating-app company in 2012, according to a lawsuit filed on Tuesday. The bad-faith dealing by Match and IAC culminated in the alleged scheme that forms the centerpiece of the...
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  • Tinder founders say former CEO 'groped and sexually harassed' an executive at a company party in bombshell $2 billion lawsuit

    Tinder founders say former CEO 'groped and sexually harassed' an executive at a company party in bombshell $2 billion lawsuit

    3 monthes ago - By Business Insider

    Included in a jaw-dropping lawsuit brought by Tinder's founders against its parent company IAC are allegations of sexual misconduct against its former CEO.
    The lawsuit alleges that former Tinder CEO and IAC chairman Greg Blatt "groped and sexually harassed" vice president of marketing Rosette Pambakian, and, after the incident was reported, the parent company conducted an internal investigation, not the independent one that former cofounder and CEO Sean Rad was pushing for.
    Although Blatt was replaced as CEO in January by Mandy Ginsberg, a source tells Business Insider that Blatt was still...
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  • Tinder Lawsuit Alleges Sexual Abuse Cover-Up by IAC/Match Group

    Tinder Lawsuit Alleges Sexual Abuse Cover-Up by IAC/Match Group

    3 monthes ago - By Fortune

    Tinder founders, as well as past and present executives, on Tuesday filed a lawsuit against parent company IAC/InterActiveCorp and its Match Group subsidiary, the plaintiffs announced.
    The plaintiffs are seeking at least $2 billion in damages, and are represented by Orin Snyder of Gibson Dunn who has also represented Facebook, Uber, and Apple .
    The lawsuit was filed in New York State Supreme Court and says that IAC/Match manipulated financial information, impacting the company's valuation and “stole” billions of dollars from executives, including founders Sean Rad, Justin Mateen, and...
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  • Tinder founders, execs file suit against IAC and Match Group

    3 monthes ago - By The Seattle Times

    NEW YORK - The founders of the dating app Tinder, along with current executives and some of its employees, have filed a lawsuit against IAC/InterActiveCorp and its Match Group subsidiary for allegedly manipulating financial information, hurting Tinder's valuation and unlawfully getting rid of stock options. The lawsuit claims that there were written contracts between...
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  • Tinder founders sue parent IAC, saying it undervalued company

    3 monthes ago - By Reuters

    A group of founders, executives and early employees of popular dating app Tinder on Tuesday sued IAC/InterActiveCorp , claiming the parent company deliberately undervalued Tinder to avoid paying them billions of dollars.
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  • Tinder's parent company allegedly faked financial information to lower the dating app's valuation, according to a new lawsuit

    Tinder's parent company allegedly faked financial information to lower the dating app's valuation, according to a new lawsuit

    3 monthes ago - By Business Insider

    Tinder's cofounders and executives are suing parent company IAC and Match Group over allegations that the parent company cooked the books to create a lower valuation for the popular dating app.
    IAC and Match allegedly inflated Tinder's expenses and downplayed new features in an effort to create a "false picture" of Tinder's finances.
    This led to a private valuation of $3 billion 2017, according to the lawsuit.
    The end goal was to save the parent company billions of dollars when employees cashed-in their equity, by maintaining an inaccurately low valuation for the dating app, the lawsuit...
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