Match Group(US:MTCH) Prnewswireยท2024-12-18 15:26Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Match Group, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements about Tinder's performance and user metrics [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $50,000 in Match between May 2, 2023, and November 6, 2024, to discuss their legal options [1]. - A federal securities class action has been filed against Match Group, with a deadline of January 24, 2025, for investors to seek the role of lead plaintiff [2][6]. - The complaint alleges that Match Group materially understated challenges affecting Tinder, leading to misleading statements about the company's business and prospects [4]. Group 2: Financial Performance and Market Reaction - On November 7, 2024, Match Group's stock fell by 17.8% to close at $31.11 per share following disappointing fourth-quarter outlooks, despite a third-quarter earnings beat [5]. - Tinder's Direct revenue fell below expectations, with a 9% decline in monthly active users compared to the previous year, and revenue per payer grew less than anticipated [5].