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MTCH.US
id: 1410

Match Group (MTCH) User Growth Misrepresentation Case

C.D. California
Court
2:24-cv-10153
Case number
05/02/2024
Class period Start
11/06/2024
Class period End
01/24/2025
Lead Plaintiff motion deadline
  • $MTCH investors filed a lawsuit against Match Group for misleading them about user growth on Tinder, its flagship dating app.
  • On November 6, 2024, after disappointing user metrics and revenue trends were disclosed, $MTCH dropped by 17.8%.
  • $MTCH investors can join this case to be notified about potential recovery.
Case Details:

From May 2023 to November 2024, Match Group consistently claimed that Tinder’s user growth was stabilizing and would improve.

However, the company failed to disclose the full extent of the challenges, including the impact of policy changes that removed millions of users from the app.

In its Q3 2024 earnings report, Match Group revealed that Tinder’s monthly active users continued to decline, falling 9% year-over-year.

This announcement caused $MTCH to drop over 17%.

Based on these events, $MTCH shareholders filed a lawsuit against Match Group, accusing the company of the following:
  • It misled investors about user growth and recovery trends on Tinder.
  • It failed to disclose the impact of its policies and challenges in retaining and attracting users.
Investors believe Match Group misrepresented Tinder’s user growth potential and understated the risks affecting its flagship app.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements, 
Fraud, 
Failure to Disclose
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11/06/2024
Filing date
11/24/2024
Lead Plaintiff Deadline
01/24/2025
Collecting participants…