Three of Tinder’s founders and a handful of current executives say the popular dating app’s parent companies cheated them out of as much as $2 billion by manipulating financial information to undermine its valuation, according to a lawsuit filed Tuesday.
The co-founders and executives claim that Match Group Inc. and IAC/InterActiveCorp. hid projections of Tinder’s rapid growth in order to reduce payments to the holders of stock options, which were dependent on the company’s valuation.
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