THE VERGE – May 8 – Match Group had to pay Tinder employees $9.4M in stock compensation this quarter because of the app's rapid growth. That might be consequential in the $2B lawsuit the company faces from Tinder co-founder Sean Rad. Rad claims Match purposely undervalued Tinder in an effort to avoid paying out billions of dollars in stock to the team's original employees. An independent valuation earlier this year valued Tinder at $10B, which would trigger performance-based payouts. This new valuation, which comes only two years after Match valued Tinder at $3B, could lend Rad's case some merit.
by Ashley Carman
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