Match Group, Inc. (NASDAQ: MTCH)

This lawsuit is for anyone who acquired securities in Match Group, Inc. (NASDAQ: MTCH) from November 3, 2021 through January 31, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors that the Company was unable to timely execute on its new product initiatives for its Tinder brand.

On August 2, 2022, Match released its second quarter 2022 financial results, warning that it expected the growth of its largest and most important brand, Tinder, to slow in the second half of 2022 as the result of poor product execution, admitting that “Tinder did not deliver on its product roadmap for the first half of the year,” forcing the Company to delay the launch of several initiatives and optimizations. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on January 31, 2023, Match reported disappointing financial results for 2022, including total revenue that missed the Company’s prior guidance. The Company attributed the shortfall to “weaker-than-expected product execution at Tinder, the effects of which became more pronounced as the year progressed.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Match Group, Inc. (NASDAQ: MTCH) from November 3, 2021 through January 31, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.