Faruqi & Faruqi, LLP Securities Litigation Partners James (Josh) Wilson Encourages Advertisers Who Have Lost More Than $50,000 In Matches To Contact Him Directly To Discuss Their Options

If you lost more than $50,000 in Equality between May 2, 2023 and November 6, 2024 and want to discuss your legal rights, call Faruqi & Faruqi Josh Wilson directly to 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York–(Newsfile Corp. – January 19, 2025) – Faruqi & Faruqi, LLP, a leading law firm in the country, is investigating claims against Match Group (NASDAQ:), Inc. (“Match” or the “Company”) (NASDAQ: MTCH) and reminds investors of January 24, 2025 deadline seeking plaintiff status in a federal securities class action filed against the Company.

Faruqi & Faruqi is a leading international law firm with offices in New York, Pennsylvania, California and Georgia. The firm has also raised hundreds of millions of dollars from investors since its inception in 1995. See www.faruqilaw.com.

As described below, the complaint alleges that the Company and its principals violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Match Group significantly reduced the risks associated with Tinder and, as a result, reduced the risk that Tinder’s monthly user base does not rebound by the time the Company announces its financial results for the third quarter of 2024; and (2) because, statements of criticism ‘about Match Group’s activities, operations, and expectations were materially false and misleading and/or did not have a reasonable basis at all times necessary.

On November 7, 2024, Investopedia published an article titled “Match Group Stock Slips as Fourth Quarter Outlook Disappoints.” The news reported that “(shares) of online dating app Match Group fell on Thursday morning despite a third-quarter earnings report released after the bell on Wednesday. The app’s monthly active users (MAUs) fell 9% from the same period last year.” and the rate of return (RPP) growth was less than expected and impacted subscription revenue, which the company said could also impact the fourth quarter.”

In this context, the price of Match Group stock has decreased by 17.8% to close at $31.11 per share on November 7, 2024.

A court-appointed arbitrator is the investor with the largest financial interest in the relief sought by the class that is sufficient and proportionate to the class members who manage and manage the litigation on behalf of the investors. Each member of the dispositive class may have the Court act as an arbitrator through counsel of their choice, or may choose to do nothing and remain a member of the class. Your ability to participate in any recovery is not affected by your decision to be a defendant or not.

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

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To view the press release, please visit https://www.newsfilecorp.com/release/237456