Dating giant Match Group is facing an ugly lovers’ quarrel. Investors could wind up not just heartbroken but nearly broke.
Tinder co-founder Sean Rad and other early employees of the hookup app are suing Match and its former owner IAC/InterActiveCorp . alleging they knowingly understated Tinder’s value to investment banks back in 2017 to devalue the stock options of its early employees. Tinder was and is a wholly-owned subsidiary of Match.
