Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
MTCH.US
id: 599, Created by Stan Vick Chase, Scout
Join Match Group, Inc. (MTCH) Misleading Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Match Group (MTCH) reported weaker-than-expected product execution at #Tinder contrary to the prior guidances.
- Match Group's (MTCH) Leaders were reinsuring Investors that Tinder strategy was successfully executing.
- Investors Match Group (MTCH) & its Leaders suspect of multiple misleading statements.
On January 31, 2023, Match Group, Inc. (MTCH) reported disappointing financial results for 2022, including total revenue that missed the prior guidance.
The Company's management largely attributed the shortfall to “weaker-than-expected product execution at #Tinder, the effects of which became more pronounced as the year progressed.” During an earnings conference call the following day, they further admitted that Tinder had “decelerated as the year went on.”
On this news, Match common stock declined 5%, damaging investors.
- On November 3, 2021, Match touted Tinder’s “radical product transformation,” which included recently launched product initiatives such as a new “Explore” feature. Defendants further stated that “the interactive and social experiences within Explore are the harbinger for Tinder’s long-term vision,” and noted that Tinder was working on several other monetization opportunities, such as an in-app virtual currency.
- The Company's Leaders continued to represent that Tinder was effectively executing on several critical product initiatives that would drive growth for Match in 2022 and beyond. For example, as recently as May 2022, Match assured investors that Tinder was “on track” with these product initiatives.
- On August 2, 2022, Match announced financial results for Q2 2022 and warned that it expected Tinder’s growth to slow in H2 2022 as the result of poor product execution. Specifically, the Company admitted that “Tinder did not deliver on its product roadmap for the first half of the year,” forcing Match to delay the launch of several initiatives and optimizations that it had previously expected to generate growth in 2022. On this news, Match common stock declined over 17%.
- But Match's Leaders continued to assure investors that the Company had revamped the Tinder team and that the new team was successfully executing on the initiatives. For example, on November 1, 2022, they assured investors that Tinder’s “product execution is already improving” and that “early results are showing promise.”
Taking all representations, guidlines and appered facts into account, Investors have grounds to suspect Match Group and its Leaders of maultiple misleading statements which led to investment losses to shareholders.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Negligence,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
31 January 2023
Lead Plaintiff Deadline
05 May 2023
Court
District of Delaware