Tuesday, August 14, 2018

Tinder Executives Sue For Being Screwed Out of Billions

Who knew Tinder even helps its company executives get screwed?

The lawsuit, filed in the New York State Supreme Court, claims IAC and Match used a variety of tactics to swindle Tinder employees out of valuable stock options they were contractually entitled to. According to the plaintiffs, Tinder’s owners delayed the launch of Tinder Gold and used misleading financial information to lower the company’s valuation, before ultimately stripping employees of future options through a corporate merger. The lawsuit also alleges the parent companies “threatened to fire Tinder executives if they told the truth about how much Tinder was really worth.”