Faruqi & Faruqi, LLP is investigating the claims on behalf of Match Group Investor Investing.com

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson encourages investors who have suffered more than $50,000 in match losses to contact him directly to discuss their options

If you have suffered losses greater than $50,000 Matching between May 2, 2023 and November 6, 2024 and want to discuss your legal rights, call a Faruqi & Faruqi partner Josh Wilson direct on 877-247-4292 or 212-983-9330 (ext. 1310).

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New York, New York–(Newsfile Corp. – January 05, 2025) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Match Group (NASDAQ:), Inc . (“Match” or the “Company”) (NASDAQ: MTCH) and reminds investors of The deadline is January 24, 2025 to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has recovered hundreds of millions of dollars for investors since its inception in 1995. See www.faruqilaw.com.

As set forth below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose the following: (1) Match Group materially understated the challenges affecting Tinder and , as a result, underestimated the risk that Tinder’s monthly active user count would not recover by the time the Company reports its third quarter 2024 financial results; and (2) as a result, Defendants’ statements about Match Group’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On November 7, 2024, Investopedia published an article titled “Compare Group Stocks as Disappointing Fourth Quarter Outlook.” This article said that “[s]Shares of online dating giant Match Group fell on Thursday morning despite third-quarter results reported after the bell on Wednesday. [. . .] Match said Tinder Direct’s revenue fell short of its own expectations, as the app’s monthly active users (MAUs) fell 9% year-over-year and revenue per payer (RPP) rose less than expected. Some new features tested with Tinder users in the quarter had a negative impact on subscription revenue, which the company says will likely impact revenue in the fourth quarter.”

Following this news, Match Group’s share price fell 17.8% to $31.11 per share on November 7, 2024.

A court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class, who is adequate and typical of the class members and who directs and oversees the litigation on behalf of the putative class. Any putative class member may propose to the Court to serve as lead plaintiff through counsel of his or her choosing, or may choose to do nothing and remain an absent class member. Your ability to participate in any recovery is not affected by the decision whether or not you will be the lead plaintiff.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Match’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Advertising of lawyers. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your specific case. All communications will be treated confidentially.

To view the original version of this press release, visit https://www.newsfilecorp.com/release/236017

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