Tinder’s Founders Are Suing Match Group And IAC Saying They’ve Been Ripped Off
Posted on August 15, 2018
BUSINESS INSIDER – Aug 13 – A group of early Tinder employees, including cofounders Sean Rad and Jonathan Badeen, filed a lawsuit against IAC and Match Group, the owners of Tinder. They're seeking at ~$2B in damages. They're alleging that IAC undervalued Tinder, and used a lowball valuation based on false information to reduce the value of stock options that early employees and founders held. IAC put its own financial executives inside Tinder, who concluded that Tinder was worth less than the Tinder team thought it was.
