DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Match Group
If you lost more than $50,000 investing in Match Group between May 2, 2023, and November 6, 2024, you might be eligible for legal recourse. Faruqi & Faruqi, LLP is conducting an investigation into potential claims against Match Group, Inc. The deadline to seek the role of lead plaintiff in a federal securities class action against the company is January 24, 2025.
The complaint alleges that Match Group and its executives made false statements about the challenges facing Tinder, leading to inaccurate predictions about the app’s monthly active users not recovering by the third quarter of 2024. This misrepresentation may have affected investors and the company’s financial results.
On November 7, 2024, Match Group’s stock price dropped by 17.8% following news that revenue from Tinder Direct fell below expectations and monthly active users declined by 9%. New features tested with Tinder users also impacted subscription revenue, raising concerns about fourth-quarter revenue.
If you believe you have information relevant to Match’s conduct, including whistleblowers, former employees, or shareholders, you are encouraged to contact Faruqi & Faruqi, LLP. To learn more about the class action lawsuit against Match Group, visit www.faruqilaw.com/MTCH or call Faruqi & Faruqi partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310).
Remember, the lead plaintiff in the lawsuit represents the interests of the entire class of investors affected by the alleged misconduct. Your ability to recover losses is not affected by whether you choose to serve as a lead plaintiff or remain an absent class member.
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