A securities class action has been filed against Match Group, Inc. (MTCH) ) on behalf of all persons or entities who purchased or otherwise acquired Match Group securities between May 2, 2023 through November 6, 2024. This case has been filed in the USDC – CDCA.
The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Match Group materially understated the challenges affecting Tinder and, as a result, understated the risk that Tinder’s monthly active user count would not recover by the time that Match Group reported its financial results for the third quarter of 2024; and (2) as a result, Defendants’ statements about Match Group’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.